I think Alexium has a few major customers that pay well so this facility should work well.
In time they will revert to more traditional lending at much lower rates - maybe 12 months with trailing EBIT.
What we need is another record quarter on all metrics - despite bedding slowing down, they seemed comfortable they could achieve this.
For me it was always June onwards this year when many products layer on - Socking and further progress with Eclipsys.
Military for me would be a 2023 story and if it did drop on top of a run rate of $30m per annum come December, the company would sky rocket.
Again Colinton and Wentworth need this win!
I think Alexium has a few major customers that pay well so this...
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