FEX 2.50% 39.0¢ fenix resources ltd

Ann: Half Yearly Report and Accounts, page-136

  1. 886 Posts.
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    bookarelli, I can respond to your response to malvernmoe.

    malvernmoe does understand. JW has paid nothing for his shares. He has a non-recourse loan.

    FEX does not have a loan asset (from JW/Share Loan Plan) on its balance sheet for $2.3m.

    The shares are treated as options under Accounting Standards. They are effectively off-balance sheet.

    You could also check this with the auditor. I believe you have his number.
    Last edited by cyprus: 08/03/23
 
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