“Well, the longer (and larger) the loan principle hangs around,...

“Well, the longer (and larger) the loan principle hangs around, the bigger the burden of interest repayments”

Thanks for the banking lesson Marky Mark, very technical analysis but I think I get it.

So you are saying, if you borrow money, you have to pay interest and the more you borrow, the more interest you pay?

And that’s why CAI might only have $12m at the end of the quarter because they realised this and paid down debt?

Except they didn’t.