RRS 0.00% 0.1¢ range resources limited

rob peter to paid paul., page-5

  1. 5,657 Posts.
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    My point is a very simple one. If you need cash to expand, then one director has no right to take money from this company, to cover the short fall of another of his company's.

    Range has raise funds since this loan. $2m plus interest @ 10% in range shares is another 12m shares dilution, to cover money you had in the first place.
    Pirate pete did exactly the same to NKP in 09 with a $2m loan to CCC. Interestingly enough, near $200 had gone once it reached CCC's bank. (See 2010 annual)

    I appreciate that your massive turn around in sentiment con insides with the nice cheap shares to Parklane clients, Russian. But the facts are the facts. (Not rumours and pirate promises)



 
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