Pure assets have certainly tied up this agreement superbly
They immediately get $450,000
If the conditions are not adhered to at any point the interest rate bumps from 9.5 to 14 %
They are assured of 3 M dollars in the case of a meltdown
it would not be out of the question that they would get 5.5m back , being 3m plus interest and service fee , and they get first first ranking general security over the remaining assets
It would be impossible for them to lose , even in the event of a meltdown
what are their longer term goals , they now have control
Pure have this company in a headlock
The real story is that this should never happened , the company should not be in this position
Pure assets have certainly tied up this agreement superblyThey...
Add CG1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.1¢ |
Change
-0.003(3.57%) |
Mkt cap ! $27.29M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.2¢ | 8.1¢ | $6.983K | 85.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32881 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 124778 | 2 |
View Market Depth
| Last trade - 15.09pm 29/05/2024 (20 minute delay) ? |
|
|||||
|
Last
8.2¢ |
Change
-0.003 ( 2.38 %) |
||||
| Open | High | Low | Volume | ||
| 8.2¢ | 8.2¢ | 8.2¢ | 14632 | ||
| Last updated 15.09pm 29/05/2024 ? | |||||
| CG1 (ASX) Chart |