The result does not surprise me. Who would put money in to repay PH for funds be lent to the company. IMO he should be putting in more since he was the person who sold his shares to the instos for profit intstead of issuing shares and using the money for company use. It was clear at the time that the company would need extra funds in the future.
Ann: Share Placement and Non-Renounceable Rights Issue, page-3
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