I aint found anywhere where it said they had security over the...

I aint found anywhere where it said they had security over the loan - the explanatory report for shareholders to vote at egm makes it very clear theat the Coffee House Loan (GT's loan) has no security - he di initially want fixed and floating charges but dropped that repuriement later. But the report seem snot to say anything about HNC loan being secured or not.

Interestingly however, the deal was the company needed shareholder approval for conversion of HNC 10 mill to equity and the shares needed to be issued prior to around 19 Feb 2009 (tomorrow) lest interest would start acruing - dont know if that has any bearing on todays announcement