Funding as I see it will be as follows:
Up front payment of $20k establishment fee for the $1.2m Mezzanine fund (Repayment at 1% per month interest).
A question market hangs over where the $3m working cap will come from.
The $3.66m loan repayment will come from future Telemedcare profits. No interest to be paid.
So yes it has cost STI just over $7m for Telemedcare but as I said how much value does this add to STI, in my opinion this could add millions if not billion of dollars to STI.
E Health is the way of the future.
DYOR
Add to My Watchlist
What is My Watchlist?