The company is going to need funding. A possible solution:-
1. A consortium of HC members + others form a trust. Say 200 identities.
2. Each identity contributes $50K to the trust.
3. 200 x $50K = $10M
4. Trust takes security over all company assets + gets personal guarantees from all directors
5. Trust provides interest only loan, $10m for 5 years at 11.5% p.a. Interest paid monthly in arrears.
6. VRX refinances loan or pays out loan at end of 5 years
7. VRX offers trust members performance options at a favourable incentive price. (feedback required on this)
8. Few other loose ends to tie up but the outcome would certainly get VRX off and running, infrastructure built, staff hired & mining equipment purchased / leased.
Any thoughts? or am I dreaming? (Please be civil)
The company is going to need funding. A possible solution:-1. A...
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.41M | |||
| Open | High | Low | Value | Volume |
| 5.7¢ | 5.9¢ | 5.7¢ | $4.816K | 84.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 72497 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 150634 | 3 |
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| Last trade - 15.43pm 10/05/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
0.000 ( 5.36 %) |
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| Open | High | Low | Volume | ||
| 5.9¢ | 5.9¢ | 5.7¢ | 66580 | ||
| Last updated 14.58pm 10/05/2024 ? | |||||
| VRX (ASX) Chart |