I said it would need to repaid. Looks like I was right - whereas you and the rampers said it would be converted to shares. It was not.
Love how the company states loan in USD and not AUD when the amount invested was AUD.
Do not have to be a genius to work out why they did that. So net they received 10.7 million AUD - 1.56 million AUD - interest.
= 9.14 million AUD - interest (not disclosed in announcement).
Tea.
Ann: Yibin Tianyi $10.7M Placement Completed, page-35
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