We need to know what these costs were especially the Corporate and Admin. What was Rogers taking in Directors fees, especially when he claims he did not take a salary for 3 years and CTL owes him $1m
We will never know as the restructure will cover all of this. Handy isn't it for Rogers and Gray to not have an independent Director on the Board for the last 10 months, means that they have run CTL like their own private company. Remember they are wasting shareholder funds not their own money even they act as though they do not owe shareholders any accountability or transparency or duty of care
Also handy not being able to do an AGM as cannot provide financials for 2018 year. Also very handy not having the REQUIRED BY LAW 3rd Independent Director who may have challenged Rogers and Gray and their expenses and their abuses of the Corporations Act