Borrowing in advance in anticipation of an R and D Rebate 6 months early at a 15% default interest rate ? ??
Not so bad if they had some startling news or expected a profitable outcome before then.
They don’t appear to be optimistic of raising the required amount under the rights offer then........
wisely I think !
Ann: Radium Capital Facility - Early Access to FY20 R&D Rebate, page-2
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