the board itself won’t invest in Austpac lol that speaks volumes why should anyone else invest when the board running it outright refuse to invest in it! TC gave a loan to the company A LOAN! Why would he not give the money in return for shares issued?? Does he really think the shares are that worthless?? How could you expect someone to run a project they don’t believe in?? It’s a Recipe for disaster and has been proven as can be seen where the company sits!
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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-43
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