So let me understand, you give the CEO a redundancy when he was instrumental in funding both EWL and Tomizone! Looking at the report (FE Investment - liquidators per the nz companies office) of the 64Mil in loans at least 15mil will be EWL and @tom. So that is not the main issue, the main issue is that there was continued funding to these entities when it was evident that neither of them was able to fund normal activity.
This entire thing is rotten and NZRB and SFO should investigate this matter alongside the ASX and ASIC.
FEI Price at posting:
6.0¢ Sentiment: None Disclosure: Not Held
