IIRC the loan is secured against the company assets. So if they...

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 ?