Do solid businesses need to pay 20% interest on loans? LOL
During the quarter, the Company obtained an unsecured cash advance totalling $1,500,000 from an
unrelated party. The advance has no provision to be converted into the Company’s ordinary fully
paid shares; with a maturity of 30 June 2022; and has an interest rate of *20% per annum*
Tucked away in footnote 2 of Appendix 5B, of the quarterly.
