SKG skynetglobal limited

this is a worry!

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    Under the new facility, SkyNetGlobal will repay the A$850,000 loan through the issuance of A$25,000
    in shares every two weeks between 5 May 2005 and 17 August 2006. The shares will be priced at a
    6% discount to the lowest ASX closing price in the 5 trading days prior to the payment settlement day.
    The loan includes an interest rate of 12% per annum. Until the loan principal is fully repaid,
    SkyNetGlobal will not draw down additional capital from its existing Cornell credit facility.
 
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Currently unlisted public company.

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