The debt structure is a mess. How do you have a short term secured loan with AFSG for $2m at 30%!!
then a seperate $2m short term unsecured loan at 20%.
And leave a longer term undrawn facility of over $6mill available that would have covered both these amounts at 6.45% + cash rate.
I guess they have left booker funds undrawn to payout these 2 loans as cashflow won’t allow it.
or we get royally Regal ed again in dilution.
clock is ticking on cash burn
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