Downramp? Dont be such a sook. If I am mistaken in the summary then say so, dont apply some other motive or position to what I've honestly stated.
A shell that is prudent with the funds its raised? Try CIZ, SRT or any Walker managed one. Let explain how this normally works. A HOA is followed by an EGM and any funds required are approved.
Thanks Boss55 for that explanation on the loan which by-passed any shareholder approval and has zero recourse to recovery should this go T*** up (imo). I've seen loans disappear many times over the years eg YOJ - but they had they nouse to limit their exposure on such styled loans and moved into something better.
They didn't, like VIC, hand over 75% of their operating cash pending approval.
Back to par value, page-32
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