MEA 1.56% 65.0¢ mcgrath limited

I highlighted early on- unsecured personal Interest free loans...

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  1. 9,666 Posts.
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    I highlighted early on- unsecured personal
    Interest free loans from McGrath Ltd to McGrath - outstanding at float- still has a line - in prospectus - even loans in the current accounts

    What was the credit advanced from the company used for?

    Haven’t they heard of expense claims-

    Cash loans interest free to director- please show me one other company on the board with this fantastic arrangement - best package evvvvvvvvvvvvvvver

    Why have a margin loan when you can take advances from the company —-mmmm- supprised tax office isn’t saying that’s income- no doubt company paid FBT on that benefit

    Try that in a small business see how you go
 
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Currently unlisted public company.

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