Like every normal person who doesn't have shareholder funds to draw down on, when you're taking in $13,650 per week for a considerable amount of time, go to a bank, you easily have the capacity to service a loan of that magnitude. More than anything, that would have demonstrated through action a commitment.to the company & shareholders.
But that's not what happened.
Shock is giving way to comprehension of the machinations that took place in order to publish that statement in an ASX report & I can not for the life of me explain it away as adhering to fiduciary duties to shareholders.
Despite my previous comment about looking at the company history without rose coloured glasses on & questioning a lot of previous assumptions, the 249D action being bought by GFWil & the CMT is justified on the.above point alone.
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Ann: Notice of Annual General Meeting/Proxy Form, page-153
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