re: Ann: Quarterly Report and Appendix 5B Rep...
Zurich Handels Finanz Asia Limited has granted to CityView a loan facility of Aus$1.2 million for working capital to be drawn down as and when required by CityView. This facility is additional to CityViews credit standby arrangements of Aus$1.9 million with GIS and US$100 million with First Capital Management Limited.
You have to laugh. $4000 in the bank and good old CVI has access to over $100M in loans anytime they need it from 3 independant sources, LOL.
We must be complete morons that we can not see what a fabulous company CVI is considering all these great respectable companies champing at the bit to loan money to this glorious enterprise.
CVI Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held