Ann: Board Changes and Convertible Loan Drawdown, page-2

Good move, now the missus can be paid a fortune and no one will ever know.

@Hollycozy
Looks like the conversation went better than expected and the loan holder was offered a board position.

Katherine Iscoe was not technically required to step down as Nick Prosser was appointed as a Non-Executive Director only.

Now at least we will find out if he sold his shares. They need to disclose his interest in the company over the next few days.

The $500k will last until the end of April based on my calculations. I believe they will drawdown further and try to complete a placement when there is sufficient demand. IMO there is no demand at the moment and this will continue to be the case unless they show recurring revenue.

All IMO and DYOR