CKA 2.38% 8.6¢ cokal limited

Eddie, skims 6% of most sales, BUT he loaned us USD22 million...

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    Eddie, skims 6% of most sales, BUT he loaned us USD22 million without which we would probably have failed. ICT is not buying our coal, it is selling it. The 6% is on the selling price.
    Eddie is parting with a portion of that to fund Matt Latimore and M Resources to technically support marketing'
    Eddie is parting with a portion of that to pay us when barges arrive, barges are loaded and ship is loaded.
    Now I campaigned against the 6% but it is what it is. My biggest concern was the lack of expertise. Now Latimore is involved that concern is 100% dispelled.
    Board is independent: we elected them.
    Crooked brokers and bargain hunters are controlling the buy and sell.
 
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4 891834 8.6¢
 

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8.8¢ 67300 1
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