I agree. The company has probably cut all unnecessary spending yet the $300k loan from directors was probably because they can’t raise any money imo. And what is that $300k doing? It’s paying the directors salaries. If they make it to the next cr, $300k plus interest goes straight to the directors imo. Nasty cycle. I suppose it does not help that most here have said there is nothing coming this half of the year. So who will stump up for the next loan?
Also is GP still getting that mega salary? Does anyone know which directors stumped up the loan money?
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