Subsequent to year end the consolidated entity has received $200,000 as a loan from a Director, Terry Cuthbertson. The loan has a 13 month term from 3 October 2018 and repayable in cash or convertible to equity at the discretion of the lender. The loan is interest bearing at 5% per annum payable on completion of the loan period. In addition, the Directors have received a commitment of $500,000 funding from an existing shareholder, and implemented cost containment measures.
This is interesting, still some belief by some.
APG Price at posting:
0.1¢ Sentiment: None Disclosure: Held
