IIRC the loan is secured against the company assets. So if they default where does that leave them and shareholders?
Also re the re auditing; if they knew what was missing and the auditor has told them what they need to "find" and it was "found" and supplied on the15th, one would think it would be a rapid fix and they would be on the road to lifting suspension?
Do you think that the directors guaranteed loans would have been paid off from the $Mil ?
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