Funding5 May 2020 15:36
The Alliance newsflash of 20th April said:
'The principal, however, does not need to be repaid if the funds (just over $1m) go towards supporting employee payroll, healthcare, rent, and utlities in the US over the next two months.'
Does anyone know the exact burn per month on these overheads?
That aside even if financing/funding were announced tomorrow the interest payable (if repayable at all) on the US Government Funding is just 1% ($10,000 pa) so no real handicap to announcing or completing refinancing / funding at any time soon.
So my position is very clear I will not be selling hoping to get back in ahead of a stampede.
GLA