SPX 9.09% 1.0¢ spenda limited

Yeah, they are transitioning to Airplus... but...: they're short...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,062 Posts.
    lightbulb Created with Sketch. 306
    Yeah, they are transitioning to Airplus... but...: they're short $3.2mio ie there is not enough receivables to pay back what has been borrowed. It is the consolidated view. In truth, that amount is already restricted to support the DW. In any case, the true cash position is what's report as "Net Cash" in the commentary just ahead of the actual 4C. Also, lenders typically have makewhole periods, ie they want to receive the interest for a minimum period. No idea here, but don't necessarily assume they can just repay it...
 
watchlist Created with Sketch. Add SPX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.