Can anyone shed some light onto their debt? They state in 14th June PAC partners report "• that its borrowings will stand at $7.8 million;" however no more than 2 months later the Investor Update states "Debt is at $9.4m".
Do they have a plan on repaying? cash? issued stock etc? Also, can someone shed some light on how Todd Zani acquired his shares? e.g. given to him or purchased on / off market? (what price)
all the best.
Ann: Investor Update, page-12
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