I've found note 17 in the half year accounts suggesting the balance of his loan was $550k and thus it seems to have been returned last quarter. Three questions:
Why would the half year show Xu's $23k loan as $230k in the HY Cashflow statement (CFF inflow). They stuffed up this item by a factor of 10?
Why does the HY Balance Sheet not contain an item for the loan balance of $550k in Current Liabilities?
Why would a company that records c. $30m cash on their books need their CEO to make cash advances to the company? This is odd behaviour more in line with a company with solvency issues.
SBB Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
