TSXV:MRS.H - Post by User
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Checkouton Dec 31, 2021 1:22pm
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the money will be used to finance the 200 million dollar
the money will be used to finance the 200 million dollar contract, and future contracts. This loan ensures the two billion dollar soldier protection system contract is near. Who thinks the bank would loan 6 million $ without being ensured they will get it back, is simply not worth explaining to.
A company needs money to finance a contract, to begin working on it. Money is not paid up front when signing a contract. Many times it is at completion and delivery of said goods.