Australia's largest stock trading and investment forum Australia's #1 stock forum

FUN

Click for more information

8.16%

9.0¢ funtastic limited

Ann: Half Yearly Report and Accounts, page-24

First 24 Last

Share
Profile

Follow
malmanu

13,386 Posts.

162

07/04/16

15:06

Post #: 17447219
Share

Originally posted by malmanu ↑

There are 700m listed shares so we are not sure yet who or where the selling is coming from , at this stage we are all assuming Allen Grey. So what happens if they can't raise anymore than the funds intended by directors ,does the banking conditions change.

"The Company has re-established its banking facilities through to November 2018 (overdraft facility June 2017) with its primary lender, National Australia Bank (NAB).

A condition of the change in facilities was to raise additional capital that will support the Company’s strategic direction of global expansion, particularly in the USA, of our owned and manufactured brands.

There has been no change in the overall facility limits however the facility provides greater flexibility to support the business initiatives and is sufficient for the Company’s base business.

Had the facilities been amended by 31st January 2016 our current liabilities would have decreased from $61.9 million to $33.9 million, and non-current liabilities would have increased from $0.3 million to $28.0 million."

Expand

"A condition of the change in facilities was to raise additional capital" - how much needs to be raised to satisfy the condition ??

FUN Price at posting: 1.6¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

HotCopper Highlights: Your most watched stocks for Week 46, 2024

There are more pages in this discussion • 15 more messages in this thread...

First 24 Last

Add FUN (ASX) to my watchlist