Thanks Rob,
It is my firm belief that a repayment schedule for monies loaned out is an absolute requirement for an ASX company.
Without such a repayment plan there is nothing concrete to suggest/prove that the funds are indeed a loan at all.
I would be very surprised if anyone could prove me wrong.
i.e. ........... let's see the repayment shcedule. If it is a genuine loan it must have been docuented and agreed upon BEFORE the funds were relaesed to "other entities".
The fact that directors have an interest in 'other entities' does not exempt them from having to prove the true nature of the purpose of funds changing institutional hands.
Wihtout wanting to sound accusational ( no offence intended ), surely ASIC would also be interested to know why a repayment schedule for loans ( not voted on by shareholders ) has not been released to the market.
Hence I invite anyone to prove to me why BKP could not be required to divulge such a repayment schedule and all otehr terms of the laon/s.
Let's see the loan documents. Surely we are entitled to this ???
Ta
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