So the excess repayment via shares in lieu of cash on the loan...

So the excess repayment via shares in lieu of cash on the loan doesn't concern you, the fact the auditors have signed off on it doesn't concern you, the poor reporting doesn't concern you and I'm a "down ramper" because I bring these topics to the forum because GPP's management couldn't answer an email.

Maybe you should throw me back in the sin bin and back on ignore, but if you want to nit pick, how about trying to actually discuss the stock rather than just popping in with you one liners to attack posters.

Or maybe even try to explain to me why,

The audited accounts pre listing showed Mr King/related parties were holding 14,375,159 shares (EOY 2005)

Mr King had no related party transactions for the reporting period, as per the audited accounts (note 10) as well as no shares where issued during the year (note 8) for year ending June 30th 2006.
Also in the same report (matters arising since end of financial year, page 1) shareholders approved the consolidation of the company's shares for every 10 existing shares to 1 (one) new share.
http://www.asx.com.au/asxpdf/20080229/pdf/317sfj83zwzmlz.pdf



The consolidation would/should of have left Mr King with 1,437,516 shares but from the audited accounts for year 1st July 2006 - 30th June 2007, Mr King is reported to have 3,477,516 at the start of the period.


http://www.asx.com.au/asxpdf/20080229/pdf/317sfv74y1qkbv.pdf

Some may think it isn't relevant 10 years later, I think it is...........

All the above is IMO only and my workings/spreadsheet is IMO only