As you say SOB, Lange would have the answers, and would more...

As you say SOB, Lange would have the answers, and would more than likely tell you if the question was put to him.

He may have associates in high places.

I think going to the market for the money at that time would have been near on impossible.

The debt facility was for the acquisition of the support vessel with 7.5 mill in revenue already locked in, and a purchase price of 37 million(from memory). So we had a 20% deposit locked in,if you will.

Maybe there was also tax advantages with buying a physical asset(depreciation?) rather than borrowing to acquire businesses for expansion.