gassed,
The Chairman (not CEO), will not be pulling that loan facility. Not while he has $19mil invested @ an average buy-in of circa 0.018 (1.8cents).
Furthermore, a take-over (by converting a debt owed to the Bizzell related entities to equity), is highly unlikely given the ASIC and The Takeover Panel's outcome to a $22.2mil rights issue in July 2013.
All the best,
Ann: Quarterly Activities Report, page-27
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