I have a good idea about what’s going on.
I did think that the 4 were directors. But I would have thought that asx rules would ensure that sort of information was disclosed. It is misleading, as it isn’t explaining the true nature of the transaction.
I thought previously they disclosed that unpaid “wages” was on books as a loan or debt. This was years ago. Maybe that has morphed into this item.
Pay cuts - yeah pay should be performance based. No performance no payment. But it would Likely result in a lot of creative entries to make it appear like they were performing.
The 137k loan was to a separate party/ies where they were issued shares for cash. It was not a director as the directors interest was not updated. I did ask this when last I spoke with evm.
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