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clock Created with Sketch. 16/06/24
10:42
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Originally posted by Cosmoterios:
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How will they pay back the short term loan/s???fees of directors ( esp Non Executive Directors), salary of office staff including secretary, monthly rental , legal fees to defend against ASIC and Class Action, end of financial year accounting services and tax lodgement, insurance to cover Directors ,not to mention the huge accumulated interest charges at 5% per month .Anyone and All of the above costs will exceed $28k for a quarter!!! Non-Executive Directors and Executive Directors will be "Cognizant" of their duties as Director of a public company!!!
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monthly interest on just the payday loan is $330,000.00, it has grown to $6,000,000.00 with interest compounding @ 5.5% monthly. Gladiator is supplying the tea/coffee as they share the office kitchen
(20min delay)