Haven't you figured this out yet? Haven't you read or understood...

Haven't you figured this out yet? Haven't you read or understood any of my posts over the years? Those four shareholders are directors and they are not providing any real cash loans to the company. The 'loan' is their unpaid salaries. Any salary they do not take (perhaps I should say 'consulting fees') piles up as debt to the company and therefore to the shareholders.

In my opinion it is very misleading of the company to say in Item 3: "EnviroMission was provided a (sic) unsecured, interest free loan by four shareholders, no repayment date has been set". They should point out that these four 'shareholders' are in fact directors and/or executives of the company. (Note there is a hint there in Item 1: "EnviroMission has a $250,000 loan facility from an "unrelated" shareholder.)

Have they taken a pay cut as has been suggested at recent AGMs, when RD said they would consider it? No, I believe they have not! All options were on the table, apparently, but clearly not this one! They are piling up debt that will be attributable to us the shareholders, if and when the company is finally wound up! (Or even if the company trades again.)

I also wonder who paid the $137,000 in return for shares. I don't believe it could have been any of the directors because an Appendix 3Y was never issued. It looks like it was real cash (rather than a credit for a debt - see above), but I am not an accountant so I can't be sure. I can only assume it was cold hard cash.