Wait... so effective 18% per annum if repaid in cash.. or 24% if shares issued. Or have I mis-calculated that (1.5% / 2% times 12)
Also, 665,000 paid up front to secure the $5.5 million.
Don't think I've seen a bigger rort...
And yes before people ask - first post on here yadida - a mate of mine flagged it to me and this is the same response I gave when I saw the terms.
Taking out a death spiral loan, to pay back a death spiral loan (CN's).
- Forums
- ASX - By Stock
- KSS
- Ann: Kleos Space secures A$5.5m to drive satellite roll-out
Ann: Kleos Space secures A$5.5m to drive satellite roll-out, page-7
-
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated