If SKG are going to receive this $23m USD on or before June 30...........and SKG state they will maintain a 26% profit margin.
Why do they need $850k now?
It would appear to me there is around $6m USD profit in this Russian deal and SKG state it will be received before June 30.
Either way SKG will have access to the $23m USD immediately and of this $6m USD should go to the top line.
Certainly raises questions IF this Russian deal was so set in concrete why did SKG need to borrow $850k immediately.
Its not a question of raising capital for stock or goods to be sold to the Russian group.
Its not a question of raising capital for any other large sales order.
Looks on the surface to be simply cash to continue trading in the hop ethe Russian deal comes through.
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