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
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $70.48M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $12.98K | 123.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 215000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 321406 | 10 |
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| WKT (ASX) Chart |