This all seems excellent news and positive for holders .
I really hope whether or not the board changes that this is a sign of the future.
But I wonder why they gave Brimstone $480,000 rather than retaining it and reducing the Brimstone debt to $620,000.
As of last I read on the arrangements around this debt interest was accumulating on this debt at 18%. I assume the payment is a technicality and Brimstone will pay it straight back ?
DEALROOM
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.