It mentions the directors provided convertible loans of $30k, most of which went back to them as wages. This was passed at the previous AGM and the company can issue up to 62,500,000 or $250k worth of these.
It is in effect a risk free gamble for the current directors - if the company doesn't list again, then they have lost nothing as they have received their loans back as wages but if it does end up listing again, then they will end up with up to 60% of the company purchased for just 0.4c a share.
TIH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
