RE: I think some2 Feb 2020 20:41
As I understand it the basics of it are,
£1.75m issue of shares (with some rules on how/when they are sold)
£1.5m loan - 5% initial drawdown fee, then 6.5% pa interest
Option of further £1.5m loan at same terms as above
So cash position of company should be c. £3.8m at present. (£550,000 carried forward from year end 2019)