CND 2.70% 3.6¢ condor energy limited

Ann: Operational Update , page-35

  1. 221 Posts.
    I DO wish to see the loan documentation Auditors have signed off on as being OK. Do YOU not wish to see such docs?
    Do YOU not think shareholders are entitled to this?

    If Directors are going to loan money out, we are entitled to know when it will be repaid. A few grand of that $905k belongs to me, and I'm not prepared to have Directors loan it to themselves ( in effect ) and later perhaps decide they're not worried about BKP going down the tubes becasue they have all their interests established elsewhere, BKP gets bought out for a fraction of what we paid for our shares and what happens to the 900k..?" Well that's already spent and there's no way of repaying it....

    Nothing can be proved or disproved without the appropriate documentation. If you're happy to just see what happens because it's too hard to know if they are really in the wrong, no worries. But personally I don't stand by and watch people breach the law and decency.

    If there is anyone who can prove that BKP are not obliged to supply such documentation I am very keen to see such proof.

    I have never seen such an arrangement occur in the open market. It's absurd that no documentation has been released, or even a headline stating repayment terms.
 
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