Ann: Change in substantial holding, page-54

what really puzzle me ??

on 21 November 2016, for 206,000,000 shares. they could have taken out $20 mil AUD loan.

so in theory, for 160 mil shares, they could have taken out $16 mil AUD.

Why wait until February - July 2017 to take out the loan ?

in the end, they got $2.7 mil USD, or roughly $3.5 mil AUD for 159.5 mil shares.. That's only 1/4 of what they could've gotten.

and why did they need USD and not Yuan inside China? were they after cash, outside of China?

My theory are that, the father took on some gambling debts during 2017 and gradually had to withdrawal the money, outside of china.. in USD to payback the debt. or there was some other reasons, the family needed USD outside of china urgently.

Why drag on, and takes 6 months to commit the fraud. when they could've get it over and done with quickly late 2016.

anyway, it does not matters now. What matter most now, is the audit report due in 2 weeks time. Confirming how much money is actually still in the bank.