Correct me if I am wrong.In essence they have a $2,000,000 loan...

  1. J L
    2,113 Posts.
    lightbulb Created with Sketch. 191
    Correct me if I am wrong.

    In essence they have a $2,000,000 loan for two years with repayments of $2,900,000.

    Thats a +45% gain for the lender over two years, very rough figures.

    Desperation, in my mind. These are new units just sitting there.

    What about the rest of the property, plant, equipment and the like.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.