The loans starting from (1) is getting more ridiculous, this is the latest and they've spent it with only $243K left on what, oh yeah, $367K on salary and corporate/administration cost.
(5) In the month of September 2019, the company has received $30,000 and a further $743,000 in October 2019 by way of subscriptions as unsecured loans ranging from $10,000 to $150,000 from a number unrelated parties. Subject to shareholder approval, these amounts can be repaid by the issue of shares with attaching options. If the shares and options are not issued within a reasonable period of time (2 months), the monies received will be repayable in cash. This loan is subjected to a 50% interest over 2 months.
AVQ Price at posting:
2.5¢ Sentiment: Sell Disclosure: Not Held
