Hoots, Main contra deal is Sino and I assume that they agreed to...

Hoots,

Main contra deal is Sino and I assume that they agreed to take shares in lieu of cash when the supply deals were signed. I am only guessing but the Transport company could be linked to Sino as they do have their own shipping line.
Not enough shares issued for transport if Sino to trigger change in major shareholding.

Must have also agreed on $2 share price last year, otherwise why not price on day of issue or similar.

how many more shares for Sino.

Unless company makes an announcement we will probably have to wait until Oct for the qtr report to find out if loan has been drawn down. Based on Cash out projection for Q3 and cash on hand in June, they need at least 4 mill from loan, capital to DSO payment