Convertable Loan Note paying 18% interest! Red flag24 Sep 2021 22:01
Does anyone know if they are still paying out on their loan note.
It was used to swap for share holders prior to IPO.
18% interest is crazy!
Suggestions are big share holders feathering their nest who swapped loan notes for shares prior to IPO.
I'm sure all the big shareholders are reputable but it seems odd?!
Anyone, any thoughts.
Red flag for me to be honest.
Cheers Barcap