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Anyone else find that USD$950k rollover interesting?Initial loan...

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  1. Big Kahuna 101
    3,656 Posts.
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    28/03/19
    13:25
    Post #: 37914019
    Anyone else find that USD$950k rollover interesting?

    Initial loan (i.e actual money received for this) was USD$500,000 less then 12 months ago... its now been rolled over so many times it has a convertible note value of $1,140,000 (which can be converted at a 10% discount)

    Plus refinance costs of USD$119k for the recent rollover.

    So USD$500k received less then 12 months ago is now costing up to USD$1,373,000 to repay confused.png

    Some people are getting rich here and it aint shareholders.
    Last edited by Big Kahuna 101: 28/03/19
    VEC Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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