RE:RE:New Press Release - Evome Strengthens Major Creditor Relationship After the Sale of the Simbex Unit to Riddell, LOI Related to Simbex Acquisition Debt is CancelledZibo510 wrote: Now that this deal is concluded, EVMT has reduced debt by C4.8 million which they were carrying @ 10% per annum, which should result in a saving of approximately C480,000 per annum.
In exchange for the extensions, the Company intends to grant the Simbex sellers (i) a subordinated security interest in all non-Biodex assets, (ii) a 10% annual interest rate on the amount due from April 14, 2023 to the due date, (iii) cash paymen
Wouldn't you think the market would view this as positive