I don't know where to start but- am I think right on this? Does this help?? Gotta wonder why loan 500K to someone when they are cash short and it is accruing interst not maid as carry value has increased?

They better hope that the ATO R&D rebate is correct and they get $ they have drawn in advance and can't get till lodgement later in year?

Brevet Direct Lending *2 AUD 15% 2018 Secured march 19. 779,432 june 18 1,539,799
*2 This funding is an advance on the expected ATO Tax refund that will be submitted in August 2019 and coversestimated eligible R & D expenditure for the first 5 months of the 2019 financial year (July to November). The carryingamount from June 2018 was fully repaid in December 2018 following the refund from the ATO relating to eligible R & Dexpenditure for the 2018 financial year. A further $376,550 was advanced in April 2019 covering expenditure in December2018, January 2019 and February 2019.

First my cynical guesses

25k interest a quarter . That at a couple of % is interest on a loan of 4 million bucks or at 10% 1mill plus. So they have lent money to someone and are receiving interest? Is it secured and if so against what? Unsecured so gets written off if they fold ?

Lent to senior staff members ?? Nah that would be in books as a related party transaction? Lent to junior staff members - yep they are family but wouldn't need reporting? What was it for and considering they have no cash in bank you have to wonder why they wouldn't call in the loan ? Lent to someone just at arms length ? So possibly paying wages and then receiving them back as interest on a merrygo round and the lent cash asset is out of the reach of shareholders and we don't even know if it is secured?

Is it in annual reports?

Other possibility- interest is for a physical asset they sold and never got paid for? Lent to another business? Odd there are no capital repayment I remember ?
=====================================================================================




Then a possibility??? When did this first appear on quarterlies and in annual reports?


So it looks like they loaned 1mill unsecured ?
Why and what control do they hold over gencor?
I wonder if they are a company that actually is making any $

From notes on quarterly

GE Nutrients Inc *1 USD 10% 2018 Unsecure march 19 718,354 june 18 645.382
*1 This debt is associated to an entity which currently owes US$500,000 to Affinity Energy & Health Limited

GE Nutrients, Inc

Gencor

19700 Fairchild Ste 380

Irvine, CA, 92612-2523United States

(949) 502-5760

www.gencorpacific.com

Company Type:Independent

Gencor Pacific Organics India Pvt. Ltd.

TICEL Bio Park, Phase II, Units 307 & 308
5, CSIR Road, Taramani,

Chennai-600 113, Tamil Nadu

India

Phone: +91 44-2254-0138
Phone: +91 44-2254-0630
Fax: +91 44-2225-0038

Gencor Pacific Limited

21-E, Elegance Court
Hillgrove Village
Discovery Bay
Hong Kong
Phone: +852 2987-6894
Fax: +852 2987-6869

So chaimrman of gencor is also part of radient until Feb 2019?
Was a director of AEB since 2017 -19 ? Alternate Non-Executive Director (to RV Venkatesh)

	Jith Veeravalli Independent Director,AnalytixInsight Inc.

Age	Total Calculated Compensation	This person is connected to 3 Board Members in 3 organization across 4 different industries. See Board Relationships
--	-- As of Fiscal Year 2017

Background

Mr. Jith Veeravalli is the Founder of Gencor and serves as its President. Mr. Veeravalli served as the Chief Executive Officer of General Packaging Industries. He is Project Economist with the World Health Organization in Botswana. He has over the past 35 years has operated businesses in numerous countries. Over the past 10 years, he made strategic investment in technology companies and serves on the board of several companies in the US, Canada, Australia, Israel, South Africa, Hong Kong and India. He has over 40 years of experience in evolving technologies. He serves as the Chairman of the Gencor group of companies (Gencor Nutrients, Gencor Pacific, Gencor Middle East and Gencor Pacific Organics). He served as an Independent Non-Executive Director of Radient Technologies Inc. since August 24, 2016 until February 4, 2019. He has been an Independent Director of AnalytixInsight Inc. since March 28, 2016. He serves as Non-Executive Director at Prismic Pharmaceuticals, Inc. He is also very active in giving back to society and is involved in the eye and general nutrition of children with malnutrition around the world. He is a serial entrepreneur. Mr. Veeravalli holds an M.B.A. from the University of Toronto, Master of Technology from IIT, Madras and Bachelor of Engineering from the University of Madras.

Collapse Detail

Corporate Headquarters 65 Queen Street West Toronto, Ontario M5H 2M5 Canada Phone: 416-861-2269 Fax: -- Board Members Memberships Non-Executive Director Prismic Pharmaceuticals, Inc. 2016-Present Independent Director AnalytixInsight Inc. Education MBA University of Toronto ME Indian Institute of Technology, Madras BE University of Madras Other Affiliations University of Toronto Indian Institute of Technology, Madras University of Madras Radient Technologies Inc. Affinity Energy and Health Limited Prismic Pharmaceuticals, Inc.