now you've baited me in responding to you, i can start to point...

now you've baited me in responding to you, i can start to point out the mis-information of your last post

"According to the Annual Report from 2018, the CBA were owed around $6.9m as at 30/06/2018. If they are now owed $4.1m, that’s a sizeable reduction in a relatively small time frame. "

What you actually meant was "According to the Annual Report from 2018, the total amountwas owed around $6.9m as at 30/06/2018 and is now down to $6.0m of which $4.125m is due in less than 12 months time"


Dec Quarter:


Again, how is that $4.125m going to be repaid? AusBert went to dreamland and thinks that CBA or someone else will re-finance this at only a slightly higher rate. It didn't occur to him that if someone had offered a reasonable deal they would have taken it by now and not relied on BB's 14.71 to 15.71%pa loans. Director loans are a last resort.

BB is a smart man holds several successful asx investments but whether he wants to underwrite something like a 2:1 rights issue at 0.3c to raise $4.2m and retire the CBA debt is another issue. until then the noose tightens everyday for the next 10 months.