Post by
pierrelebel on Jul 09, 2024 5:41pm
Dundee borrows another $5 million
"... at a rate equal to the greater of (a) The Toronto-Dominion Bank prime rate plus 1.95% per annum, and (b) 9.15% per annum, during the first 24 months of the applicable advance; and (ii) thereafter, at a rate equal to The Toronto-Dominion Bank prime rate plus 6.50% per annum...."
Management does not know how to negociate a loan. That is way too expensive, considering the collatreral pledged.
Comment by
Catscratch on Jul 09, 2024 6:02pm
Not very big but I don't like taking on more debt. They better do something smart with the money... Like buyback stock.