MOZ 0.00% 3.6¢ mosaic brands limited

Ann: MOZ - Capital Raise Presentation, page-6

  1. 222 Posts.
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    This point is worded weirdly to me

    https://hotcopper.com.au/data/attachments/3549/3549446-e8a77b64039b4d599b2edee0f9ae9785.jpg

    Essentially, you get paid 6% interest yearly in loan amount, on top of the 8% in cash, but you only get paid it if the company defaults within the next 3 years, in which they probably couldn't pay it anyway?

    Does this also mean the 8% interest rate will increase as the 6% value increases the loan amount? Or will they need to default for that 6% to even matter? I'm assuming the latter
    Last edited by FutureCashFlow: 06/09/21
 
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