"Board of Directors is satisfied that, in the circumstances, the
transaction with the Lender has been entered into on arm’s length terms and is fair and reasonable from the
perspective of the Company’s shareholders."
Well we don't have many options, but fair and reasonable?
Shareholders are being told nothing so how do we know if it is fair and reasonable.
Seems like a huge heist with little risk by a major shareholder.
Because Government has put a fair bit of money in at the early stages, I believe they should have their nose in this.
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