SKG skynetglobal limited

As always Brad.....you deflect.Now you want to try and anser the...

  1. 8,265 Posts.
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    As always Brad.....you deflect.

    Now you want to try and anser the questions?

    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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