In my opinion:There are different ways of securing equipment....

In my opinion:There are different ways of securing equipment. Obviously CLZ wanted the Gekko, so why did they arrange for a related party to buy it ? If CLZ had have bought the Gekko directly , they would have had to declare the purchase price in accounts. But because they got a related party to buy it , they just declared the overall contract price , IE 4 million . Even though it had not been delivered to site and assembled there. Sure , they are entitled to do things the way they want, as long as they are being efficiently done. But it should have been paid for in progressive payments , not up front for work that hadn't been done yet .This incompetent financial management meant that the company, had short -term loans at 33 per cent (cumulative) were larger than they needed to be. Reckless financial management of shareholder funds.