Wow, have you guys seen the deal though.15% interest, 5% payable...

Wow, have you guys seen the deal though.

15% interest, 5% payable in cash, 10% as a payment in kind - capitalized.

So in 7 years, there will be a debt of circa 97 million payable with an interest bill annually 4.8mill a year...

A 2% fee to provide the $50million, so effectively a $1million fee to oaktree... wow... somebodys having a good day...

Plus a cap on dividends of no more than $10million per year while this facility is in place.

1 director (plus the ability for one more) and a new committee to review all investments (oaktree to get 2 appointments)

Minimum cash and EBIT provisions...

This is not a good deal for shareholders at all.