TELL ME I AM WRONG PLEASE.
The remaining loan from WHSP of $35m matures 10/25.
BUT, the repayment figure is ….wait for it…..$52.1m
BUT, THEY ARE ALSO PAYING MONTHLY INTEREST TOTALLING $19M !!!!!!
So, the original loan of $35m has cost near $72M!!
This would be the most outrageous loan ever in corporate history. Cash Converters would be embarrassed.
You really need to wonder about director's competance when they agree to this loan, and, even this didnt stop them from having multiple equity raisings.
And, with the world in turmiol, they cant seem to sell any worthwhile amount of whatever they claim to manufacture.
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