Australia's largest stock trading and investment forum Australia's #1 stock forum

NIU

Click for more information

0.00%

2.0¢ niuminco group limited

Ann: Quarterly Cashflow Report, page-12

First 12 Last

Share
Profile

Follow
spurlo1

447 Posts.

5

26/11/19

22:15

Post #: 41648275
Share

Originally posted by Jwpingrid ↑

The Company entered into a “Deed of Advance” with another corporation in May 2019. The advance is secured and interest free until such time as either a proposed corporate transaction or an alternative commercial transaction is finalised. At that time the advances form part of the equity under either of the transactions. The facility terminated on 31 October, 2019 and is the subject of current negotiations.A new $250,000 loan/convertible note facility, from another corporation, was entered into on 28 October, 2019 for a 12 month period with interest capitalised at a rate of 12%pa.The Company entered into a “Deed of Advance” with another corporation in May 2019.

12 percent interest rate? Mines 5.45 percent for my business.

Expand

Your business obviously shows a greater likelihood of paying back the lender. Most would over NIU

NIU Price at posting: 0.1¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Failure to report prompts ASX to impose multiple company suspensions

LU7

Strong PFS numbers solidify Lithium Universe's big plans for Québec

IRE

Iress runs 'hot' for Wealth Within's stock tips

There are more pages in this discussion • 8 more messages in this thread...

First 12 Last

Add NIU (ASX) to my watchlist

SPONSORED BY