The only reason you could hope that this is the case is that it is to be used only for very short term (think a week or less) lending to allow large orders to be completed generating a sizable profit. Assuming this will be used once or twice until the company has money in the bank from previous sales to stump up the cash it self.
Setting up, maintaining and closing unsecured lines of credits can be extreemely costly in terms of flat fees. My hope here is that we are not getting charged these fees due to the higher than normal interest rate and we will not need to use it much if at all.
Would be good to have an update from the company clarifying this though as previous deals that have been done have seemed to lack some basic business acumen.
- Forums
- ASX - By Stock
- Ann: Corporate Update
The only reason you could hope that this is the case is that it...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDV (ASX) to my watchlist
(20min delay)
|
|||||
Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $105.3M |
Open | High | Low | Value | Volume |
50.0¢ | 50.0¢ | 49.0¢ | $92.83K | 187.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30951 | 49.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 51939 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 175000 | 0.060 |
1 | 75000 | 0.055 |
1 | 250000 | 0.051 |
1 | 200000 | 0.050 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 150000 | 1 |
0.082 | 50000 | 1 |
0.085 | 50000 | 1 |
0.089 | 128572 | 1 |
0.090 | 283197 | 2 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
Featured News
SDV (ASX) Chart |