Ohh really. If you look at the website for Obsidian you will...

Ohh really. If you look at the website for Obsidian you will find that it is a really budget conscious site.
No names, telephone numbers nothing. Research I have conducted suggests that Obsidian only has $3 million under management. They are in a tiny office in the finnancial district of NY.
Please provide a source confirming your information.
It could be just a cover.
Maybe, the $12 million has been recycled from JAMES. He probably has the cash given his ridiculous wages.
If JAMES is the lender I think he is just keeping NET and his options alive.
NET is a joke.
NET needs to come clean on its costs. Where do all of those administration costs go? Are there related party transactions going on?
From my occasional entertainment based reading of this company this is a case study on what to avoid in any company listed on the ASX. The ability of NEt to raise capital and pursue failed promises is amazing.