Hi Finch2.
You stated:
"however I was comforted to know the director has loaned $28 million with a line of credit of $45 million".
Why does this provide you comfort?
Tony Wales is BRW top 200 wealthy. He has lent the business money, no doubt secured against the assets of the company which would in this market recover more than the current market cap with ease...so really he has no risk of not recovering his loan.
We are taking a greater risk by buying equity in the company than Tony Wales is by lending it cash.
Kiril.
Hi Finch2.You stated:"however I was comforted to know the...
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
