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16/07/20
12:32
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Originally posted by rawiller:
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Has anyone noticed in our latest Accounts ending 31st Dec 2019, that we have some wonderful people lending us $3,538,205 to complete our Waste Conversion and CertainID Projects. They apparently don't want any Payments until Successful Financial Closure of these Projects. I sent David Matthews an Email yesterday, asking who these Investors are? I also asked him what Rate of Interest would apply. Does anyone remember our borrowings from Mitchell Asset Mgt at 30% Interest. Could this be more of the same. I also asked David were there any other Special Arrangements such as Equity in KKL or other Favours. As expected no response so far. I would have thought that Shareholders would need to approve anything that I have described above . What do you think?
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I need to make a correction. I incorrectly stated that David Matthews had not replied to my Email. That is incorrect. I overlooked an answer, which by the way did not identify the Lenders.