Ann: WFL Enters Into A Convertible Loan Agreement, page-3

If anyone wants to make money out of this company the best way is to club together $250k or so as a syndicate and offer it up as a secured loan. Personally, I wouldn't want the loan convertible, that would add additional misery to that I'm already suffering.

IF I'm reading it correctly, we'd get a MINIMUM $50k interest payment regardless if a loan is paid back the next day, week or the required 3 months. If my math is correct that's 77% per annum? 260k * 0.77 = $200K interest for the year, divided by 12 = $16.6K interest per month. Multiply by 3 months = $50k. You could take out an unsecured loan for $50K at a rate a lot less than 77% and still make money, even redraw on your mortgage and you win.

They are desperate for any handout to keep the doors open, why not our handout?? Remember that $50k interest payment is the money from OUR pockets.