Why would anyone invest money wholly in the form of a loan, banking on the company doing well (or risk a default) but not want to have the chance to have some ownership? Also I have seen interest rates alot higher than 10% for similar loans
You very rarely get a straight loan for this sort of money for this sort of coy imo
Strange to me that people were surprised by this. I think SH's negative feelings have more to do with the share price than the way the deal is structured.
Nobody would have cared if the July options were exercised and the share price is above 10c. But it isn't so people are frustrated.
Derisking announcement imo
BAT Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held