Its speculation regarding loans but IMO the most likely scenario is a loan payable to Atlantic being created in return for the shares.
Amanda Harsas took up 2.5m shares for GBP750k with a 6 April 2023 notice.
Within the quarterly to June 2023 Piedmont was the only cash inflow. The financing section has a series of dashes through all the financing cash flow sections including proceeds from issue of shares and proceeds from issuing of options. This strongly suggests the $750k was a non-cash payment. Unless the quarterly wasn't prepared properly, any cash payments should be disclosed.
A11 Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
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