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Good news But the management wasting 0.5m by extending the...

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  1. theworst911
    323 Posts.
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    22/06/17
    15:51
    Post #: 25434276
    Good news

    But the management wasting 0.5m by extending the vendor loan and then repaying eariler with discounted interest doesnt make sense to me

    Why not pay off the convertible note instead and apply for a working capital loan at a major bank?
    Last edited by theworst911: 22/06/17
    CM8 Price at posting: 15.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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