Ann: Non-Renounceable Underwritten Rights Issue-DM1.AX, page-2

wow a lot of money wasted on broker channel, fund costs and marketing IMO.

As direct money has managed to quite easily sell their past monies out, little need to spend $300k on marketing and $250k on broker support IMO.

$550k then $400k (costs) = $950k could be better spent on 90+ new loans IMO.

$1m for collateral to lenders seems high, albeit i'm unsure of their loan book size.
**Investors would take the loans without collateral if given enough meat.

Seems to me to be somewhat of a 12 month bandaid solution, guess it's better than nothing marginally, could simply selloff the current book to private investors and get roughly 1.5 x earnings.

Only leaves $2m or so for new loans written, which is pittance and could be lent in a matter of a few weeks.

Then there is the dilution issue.

Anyway, cash is king and get it however you can I guess.