Ann: Company and Market Guidance Update, page-10

I've been following this stock for a while, and although I'm not a shareholder yet, I believe there's something here that requires more clarification from the company.

The FY23 annual report reveals a notable point: Hancock is not only the largest shareholder but also the biggest creditor, with the company owing him or related entities over $4 million.

Essentially, Hancock is the primary financial supporter of RLF.

This raises the question of how the company plans to repay this debt and sustain itself without his backing.It's easy to claim that management changes will benefit the company, but without understanding the full context, it seems challenging to replace one of the founding directors, the largest shareholder, and the main creditor.