$150,000 loan interest free
BUT
the fee payable is either $65,600 at today's prices
OR
$30,000 down the track without approval
and granted a fixing and floating charge over all of the company's assets
do they have rocks in their heads ?
Almost 40% interest on a short term loan and security over the whole company ... they must be very confident of this deal and plan to raise a whole lot of capital
am glad i'm out
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