Another AFR article, page-299

This is just breathtaking:

"The Financial Review became aware that FC had itself been issued over 3 million shares at 90 per cent discounts to the prevailing share price as part of the deal, directly benefiting from the extension of financing it provided that had the undoubted effect of boosting the share price."

So they provided the financing to make the cash receipts on non-sales seem real, and to make up for the potential loss of cash they were issued shares which they could sell for a 10x profit to an uninformed market?