Replies to post #72606 on TheDirectory.com Inc (SEEK)

[Milesblue42]

It was sarcasm.... :(

Facility does not allows refer to a building. It means he has the ability to borrow up to 5 million. And he has only taken out 1.3 million at this point.

"The initial draw was $1.3 million in cash allowing TheDirectory.com to close its purchase."

Just hopefully this financing doesn't turn out to be toxic