Ann: Quarterly Cashflow Report, page-23

3 director put in $350k of their own money into this junior to be sub underwriter to support DDD, it is Not worry you then.......

Essentially I have no problem with this, however, they should have mentioned at the time that part of the funds that they have decided to underwrite would be used to back pay their salaries. You are supposed to advise fairly accurately what the funds are to be used for and it's just not a good look to present it this way.

I did a check of the last annual report and I couldn't see anywhere in the liability section where it mentions accumulated unpaid director salaries just a 'Sundry payable and accrued expenses'. Again just not a good look.