AYI won't be paying interest, as it's not a loan. So that...

AYI won't be paying interest, as it's not a loan. So that basically leaves us with an 8% spotter's fee which I'd happily pay if I found it difficult to raise the funds through any other sources.

The 8% looks high, is high, but is not as high as it looks. It appears to be an incentive. If JB Advisory can place the shares, then AYI - with just a bit of good luck going their way on their agri venture - may well get the break they've been looking for. Raising money thereafter should be easier.