Hi msaeed, though I gather he will look after his own interests...

Hi msaeed, though I gather he will look after his own interests first. I note the interest rate on the loan was increased from 20% to 30%, looks like they needed to capitalise some of the interest against the loan in June instead of paying cash. So probably allowed it in return for a higher interest rate.

From Pg34 of Annual report,

"
On the 24 June 2019 as part of US$1.0 million in funding from a European based high net worth investor, Volt received US$700,000 in unsecured loan funds with the full amount due at maturity in 18-months. The total amount payable at maturity includes a deferred establishment fee of US$350,000. On 26 June 2020, interest payable of US$70,000 was capitalised to the loan balance bringing to total loan to US$770,000. The interest rate applicable for the remainder of the loan term increased to 30% per annum. "