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Baillieu Valuation of VEC, page-558

  1. Big Kahuna 101
    3,656 Posts.
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    27/03/19
    14:20
    Post #: 37901265
    @binwood I would actually like response in relation to my question to you as I respect your opinion.

    Is your take really that only USD$4.75 mil of con-notes were issued and used to pay the following:

    USD$5 mil upfront payment to MGI
    AUD$1.286 mil Cuart Con-note rollover (approx. USD$0.91 mil)

    So USD$4.75 mil with a repayment of USD$5.7 mil has effectively paid USD$5.91 mil in payments and debt....

    Doesnt add up to me
    VEC Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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