" The company seems to be facing significant cashflow issues. It borrowed 150k from a crowdfunding source about 9 months ago and it was only able to repay 43.7k out of the 112.5k principal outstanding. Debt collectors have been visiting the office pretty frequently recently. The shareholders / directors of the company are understood to be avoiding the debt collectors for a few months now. To clear the outstanding within the debt period they have to fork out over 35k per month for the next three months, seems like a very long shot as they were only able to pay 4.85k per month for the last 9 months towards clearing the principal. "
Anynomous
" The company seems to be facing significant cashflow issues. It borrowed 150k from a crowdfunding source about 9 months ago and it was only able to repay 43.7k out of the 112.5k principal outstanding. Debt collectors have been visiting the office pretty frequently recently. The shareholders / directors of the company are understood to be avoiding the debt collectors for a few months now. To clear the outstanding within the debt period they have to fork out over 35k per month for the next three months, seems like a very long shot as they were only able to pay 4.85k per month for the last 9 months towards clearing the principal. "
25 September 2019