Ann: Investor Presentation, page-13

From memory loan is interest free and was made when COVID-19 first came onto the scene. Company needed an injection of capital to turn things around and the CEO probably realised he couldn't undertake a CR without really diluting shareholders substantially (including himself). Quickest way was for a director's loan to stock up on inventory for the e-commerce boom. Whole thing could've blown up in his face really but he took the punt and it has worked out remarkably well. The loan will have to be repaid at some point I guess, but when it's a CEO loan (who himself has 80M plus shares in the company), there's a bit of wiggle room before it needs to be made good. IMO-DYOR



Edit: I guess you can spin it anyway you want but a director's loan interest free speaks volume as to the drive to succeed and is refreshing given all the negativity around CEOs/Directors and options etc (KGN ahem...)