Can anyone explain to me.
Why SKG would borrow $850k at an effective interest rate of 18%?
IF....SKG had this deal with the Russians.
Wouldn't it have been easier to walk into any bank.....present the contract and its terms.....and secure a 180 day Bank Bill at 8%
Or walk into anyone who deals in factoring with the same contract and give up 10% to them?
To pay 18% and dilute shares just does not stack up in my mind IF...SKG had this "binding" contract.
TIA
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skynetglobal limited
Can anyone explain to me.Why SKG would borrow $850k at an...
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