What is there to be confused about ?
The lender - Gemcorp - will, in addition to the interest they collect from the loan repayments….be entitled to collect a percentage from the company cash flow. Such percentage rate is yet to be determined.
In simple terms, if WKT’s free cash flow is $10 and the deal with Gemcorp is struck at 3% for example - Gemcorp will be paid $3 from WKT’s $10 free cash flow. It’s a sweetener for the lender, not for WKT.
There will not be any “brown paper bags” as you put it - otherwise WKT would be corporation complicit and you wouldn’t want that now would you ?
Ann: Quarterly Activities Report, page-6
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Last
11.3¢ |
Change
-0.003(2.17%) |
Mkt cap ! $75.51M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.3¢ | 11.0¢ | $18.91K | 171.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 786066 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 113493 | 6 |
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| Last trade - 15.50pm 05/07/2024 (20 minute delay) ? |
| WKT (ASX) Chart |