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0.00% 3.1¢ morella corporation limited

Ann: Change in substantial holding, page-9

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  1. sabine
    18,860 Posts.
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    26/11/19
    09:26
    Post #: 41629456

    “The proceeds of the offer include monies subscribed by Altura Director Mr Allan Buckler. These funds will be used to repay a $2.8 million unsecured, interest-free loan made to Altura by Katsura Holdings Pty Ltd, a company associated with Mr Buckler, to provide working capital during the capital raising period.”


    Hi zoomy
    Good morning

    ....I am confused ... if they pay/have paid Allan/Katsura back, then expected cash in bank as of Dec 31 is $17.687M as @AndyRoo said?
    Am I missing something ?

    Cheers
    Last edited by sabine: 26/11/19
    AJM Price at posting: 5.9¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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