It clearly shows you have simply no understanding of finance.
If a company raised $1m through a placement it is NOT a loan.
It does not incur a 18% charge.....
If you cannot see that....you are in serious trouble.
SKG has taken on board a $850k loan at 18% and is payable over a very short period.....2 months i believe?
A Director resigns at almost the same time who just happens to be an accountant?
You think if he had the skills to list SKG on AIM he would not have had the skill set to get a loan at a better rate then 18%?
Not only is it a loan...it is a share dilution as well.
A double whammy!
Why wasn't there an embargo on those shares and put into escrow for a certain time frame?
I think this lender wants his money back quick......notice its is fully repaid before the market will hear about the Russian dodgy deal collapses?
Alarm bells going off everywhere with this one.
SKG
skynetglobal limited
It clearly shows you have simply no understanding of finance.If...
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