VEC 0.00% 1.2¢ vector resources limited

Ann: Vector to Undertake Equity Placement, page-91

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  1. 1,823 Posts.
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    There interpretation presenting it as fact regarding the 90 day standstill is bizarre /misleading. hehe
    First of all if they do go, once it is a signed contract with this Magna mob loan. In regards to the 90 day standstill, my understanding is all it means is Magna agrees that the loan need not be paid back for a period of time: hence 90 days, actually it assist Magna massively time wise regarding the 5% and particularly the 10% fee that must be repaid over and above the ridiculous unheard off these days 20% interest rate. Shark loan ? Yes.
    Like
    Whats 20% interest of $10mil worth to Magna, will it be $US or $AU.
    Also:
    Whats the 5% repayment (fee) worth on $10mil to Magna if repaid in the first 6 months.
    : (
    Whats the 10% repayment (fee) on $10mil worth to Magna if repayment fee is Over 6 months.
    Crickey.
 
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