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2.90% 35.5¢ argent biopharma limited

Ann: US$750,000 Convertible Note Facility Funding, page-2

  1. Footmax
    14,010 Posts.
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    25/08/22
    09:45
    Post #: 63310766
    Holders should look up "death spiral financing". This credit facility looks a lot like that sort of arrangement.

    MXC will need to increase its income considerably over the next 12 months to avoid the worst of the consequences of this sort of arrangement.
    MXC Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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