BUD 0.00% 0.6¢ buddy technologies ltd

Maybe finance co. is selling shares at a loss which they can...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 318 Posts.
    lightbulb Created with Sketch. 40
    Maybe finance co. is selling shares at a loss which they can then add to the loan amount at 12.5%.
    $20 Mill @ 12.5% = $2.5 Mill per annum interest + Capt repayments of 20 Mill over 40 mths = $6 Mill. per annum.
    That's a total cash outflow of $8.5 Mill per annum just for this new loan arrangement.
    Hopefully sales will more than double to cope with this.
    Market seems to think we might have taken on too much debt at to high a rate.
 
watchlist Created with Sketch. Add BUD (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.