NET 0.00% 0.3¢ netlinkz limited

Ann: Netlinkz to Raise up to $18m to Strengthen Balance Sheet, page-3

  1. 247 Posts.
    lightbulb Created with Sketch. 117
    Well, it's still IF they can get funding

    looks like they've repaid the 3.5m personal loan, and replaced it with 5.2m in additional short term 20% interest loans

    appears I was right about them defaulting on the previous CN's

    good to see that Everblu are getting another 1m for nothing, and they'll even loan that money back to them at 20% a year.

    So now they need shareholders approval, and to still find someone to buy the new CN's, that has to be one of most complex arrangements I've seen
 
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