The loan is non recourse and interest free.
basically the transaction was cash neutral for Fenix and Welborn gets the benefit of not having to fund the purchase immediately. He can pay down the loan with dividend income or when he sells any of them.
Company participating in webinar today, page-20
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $270.9M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 40.0¢ | 38.0¢ | $442.6K | 1.132M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7792 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 408953 | 9 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |