The more you read the worse this looks:
In March 2024 a related party provided a short term unsecured loan of $40,000 at aninterest rate of 12% pa on the principal amount, accruing daily. The loan was repaidsubsequent to the end of the quarter and the related party waived the obligation to payinterest.
Were they so short of cash in March that they needed a loan of $40K?
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-7
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