Ian Gandel was a former director of Octagonal Resources. I think...

Ian Gandel was a former director of Octagonal Resources.

I think he’s very invested financially and emotionally into the operation, he’s given a loan because he wants to keep the show going.

CTL knew it and used this to get a loan from him and keep the company running.

I don’t think they made a big plan to take the company from shareholders.

More likely they had no plan at all about finances that’s why we are here.

They overestimated their ability to raise finance at will, probably thought they can roll over the con note.