I'm not sure it was straight up theft in the eyes of the law. If you were to look at the annual reports you'd notice the very high admin service fees charged to the company from their other company(can't remember the name) the loans were made too. Reading this admin arrangement combined with the con notes lucky stopped me buying. I bet Joe's sister will get most of the sale proceeds being number 1 secured creditor. I think the admin fees/service cost may have =ed loan repayments or offset against the loans.
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
