Hi HopWrecked, perhaps they could have a rights issue to raise that amount to cover both those loans, would effectively be a 16 to 17% interest rate return on funds to shareholders by getting rid of the loans.
Why let the big lenders make a fortune at our expense, not just in interest but in all the other fees associated with loan.
Just in my humble opinion though and I know some don't like to mention capital raisings, but why pay 16 to 17% interest in this age of low interest rates.
Just a humble thought.
All the best.
Hi HopWrecked, perhaps they could have a rights issue to raise...
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