Thanks for the cut and paste hinbidoffer, but that doesn't really answer my question!!!!!!
My question was: "Can you please clarify how much they "intending to borrow against the R&D tax refund they expect to receive at the end of the 2014FY""
and your reply was: "From page 29:- "The Company expects to receive additional funding of in excess of $1 million from R&D tax refunds during the 30 June 2014 financial year. The Directors are of the opinion that further funding from additional FAST finance loans could be obtained by Company and drawn down against current and planned expenditure.""
Let me highlight my the point that I don't quite get: "in excess of $1 million"
"in excess of $1 million"
So is it 1.1mil, 2mil, 5mil, 10mil or more?????
Looking forward to your reply hinbidoffer!!!!!
Cheers,
TT
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