I agree. Seen before.
RATCH, a Thai company had 20% interest rates on parent company provided loans. The ATO eventually caught up with them because it is nothing more than a ploy for repatriating un-taxed profit.
So the interest rates have to be the high end say 13%-15% rather than extortionate to avoid ATO's wrath. The good news is there is all those spent funds (losses) to make up first before any tax. Has to be (guess) more than $100m or $1/sh.
Ann: Exceptional Results from Beasley Creek and Wedge-Lancefield, page-11
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14.0¢ |
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Mkt cap ! $40.11M | |||
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