Baillieu Valuation of VEC, page-572

Hi 82Punter, how did you come up with 20% interest? If interest is built in, shouldn’t it still be declared? Was it declared?

This is all so confusing it makes me wonder if it’s intensional or just a stuff up?

Note - I vaguely remember this being discussed(?)

See item iii below.

From appendix 2 - 07-Mar-2019

The key terms of the MEF/Riverfort Facility are as follows:

i. Term – 12 months from issue date;

ii. Face Value – US$1.20;

iii. Interest – nil interest;

iv. Early Repayment Penalty – 5% if repaid within 180 days of issue date and 10% if repaid after 180 days of issue date;

v. Commitment fee equal to 44,700,000 shares in Vector (at a deemed price of A$0.018);