Yes I read it they directors are not paying themselves director's fees but I'd be very surprised if Ramy is not being paid consulting fees via his family company.
Keeting, I'd also be surprised if any of the trading is coming from the directors as there are no disclosures being made. I think it is more likely day trading bottom feeders speculating but I'm surprised even they would be interested in this one striking it rich.
I'm sure the board have themselves covered and it does seem that reasonable options to keep it all afloat must be running out. No cash or capital raising options seem to mean ever reducing activity until life support is finally switched off and all that will remain is an Egyptian Mummy who scammed over $20M mainly from Australians in this folly.
The loan from Ramy's family company came as a surprise and does not make much sense from what we can see on our side of the fence but perhaps there is another strategy that might surprise us all again.
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