Happ, did you really think Mr Hyslop would make available half a mil NZ without security?
It’s his Company and as the major shareholder who also hired out shares that were short sold set off alarm bells for me – BLOODY STUPID practice.
He wants his cake and eat it too !
To charge 10% interest on capital via his Woodfield Investments fund to keep the business going is a slap in the face in my view, now to ask current shareholders that are probably holding a 97% paper loss like me to invest more cash is laughable.
It never ceases to amaze me how inept the ASX watch dogs are – this loan facility has been in place for some time and now that its been called out under ASX Listing Rule 10.1 you watch how the funds are re-paid pronto.
Mr Hyslop got us in this mess under his stewardship and he MUST lead by example by buy shares on the open market not treat us investors as his fodder, or as your suggested “the Company is in death throws” or it will belly up.
ST
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