Ann: Loan Facility, page-9

80m in options for going guarantor.... I note the debt places the financer as the top secured creditor so this means they have first call on all MEO assets if there is a problem, hardly a massive exposure for Mr. Purcell given the line of credit is for only $2.5M USD/$3.2M.

If I understand this correctly then 80m at 2.2c = $1.76m option gift for signing as guarantor for a $3.2m loan - are you serious !!!!!!!! and then we are paying a 15% 'drug lord' interest rate.

This is a very poor deal for shareholders and this is very nice deal for Mr.Purcell. he should be doing this for the company's benefit not his own, the consideration the 'non-conflicted' members (how many and who ?) have granted here is at any existing shareholders cost.