Was this the plan all along?23 Oct 2016 09:53
RNS
As a precursor to the Acquisition, the Company has also agreed to provide Big Sofa with a short-term loan of up to £500,000 for working capital purposes. This loan will be drawn down in two tranches, with £250,000 being drawn immediately. The loan will pay a coupon of 6 per cent., is secured by way of debenture and is fully repayable on 19 October 2016
On the 17th October the deal falls through. Was the real plan just to supply BS with a short term loan?