I don't disagree

with the principle that our borrowing is based upon good crowds at NR1, but I'm not sure about your calculations.
Even if:
the loan was for 30 mill (over 15 yrs at 10%)
and ST revenue was, say 25% less than my guess (6 mill p.a.)
replayments would still be comfortable.

Our insistence on paying silly wages when our turnover is shrinking is, to my mind, a much bigger problem than the loan(s).

And, if it makes you happy, this can still be listed as a failing by the Chief Exec (though the rest of the board are equally culpable)

Posted By: east of hampstead, Sep 24, 14:09:49