"Pricing the stock to mkt what is the effective cost of each...

"Pricing the stock to mkt what is the effective cost of each dollar borrowed?"
Allot, Over and Over again. "The Very Minimum For Lind = 17.5%

Lind 10%, on convertible note
Conversion for convertible securities is 92.5% of 3 consecutive days in the past 20 days VWAPs (chosen by investor)
The latest conversion also scored them another lazy 16.5% on top.
So Lind are doing not to bad out of all of this.
ATM interest on Lind $11 mil draw down at 10% = $3,013 per day interest

Interest on the R&D loan facility Brevet Capital Management is 14%
ATM the Brevet is costing 14% on 13,500,000 = $5,178 per day interest

So excluding the 6.99% on equipment finance and the insurance premium funding interest rate of 3.3%
So Weekly Interest Clocking up between Lind and Brevet = $57,337

All the above is in the below.
https://www.asx.com.au/asxpdf/20180316/pdf/43sj1kf4pxn9yb.pdf


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