so with no funds drawn it's $16,800 per month...little higher once they start drawing down funds.
Some will say debt no good, but I like this form of funding.
Somebody able to work out yearly interest rate?? As this monthly detail I can roughly work it out to be quite high pa interest rate.
With only $4M, the interest rate is not relevant IMO.
Just wish they'd give us SH's some sort of revenue figures with 6000 patients etc.
I'm sure management would've had to supply this detail to the lenders.
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Ann: THC Global Secures $4m Debt Facility, page-6
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