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