Advertising and marketing company WFCA is borrowing even more from its chairman.
Bob Morton’s Hawk investment Holdings has leant a further £150,000 at an interest rate of 1% per month. The loan lasts 180 days.
Net debt was £347,000 at the end of 2011. In March, Hawk lent £300,000 on the same terms.
At 0.38p a share, WFCA is valued at £1.68m.
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