Folkston Investments

Has anyone noticed the strange case of Folkston Investments involvement in NMM? First, without any disclosure NMM started to borrow money… $1,782k new borrowings in Sep Quarter of 2016 (no information in the quarterly as to where this material amount of borrowings came from or terms and no other announcement disclosing such)… another $902k borrowed in Dec Quarter of 2016 to take the total to $2.7M (again no disclosure as to how, where or why this money is being borrowed)… then suddenly we see on 8 Feb 2018 that a settlement deed has been entered into with Folkstone Investments Limited for US$2.9M of debt payable (ie, A$3.4M), with the proposal that the debt be wiped for the issuance of 45M shares in NMM. On 7 May 2018, the same Folkston buys C$1M shares in Max Resource Corp. via a placement, ending up with >12% of Max. Then on 18 June 2018, Max announces the deal to buy NMM’s Colombia assets. According to the Canadian TSX filings for Max, Folkston is associated with David P. Boehm. Who is a known associate of Ivanhoe Capital (a Director) and Ivanhoe Mines (where our former Chairman Bill Hayden is a director). The fact that Bill has been proposed as a director of Max Resource Corp. as well is ridiculous based on this fact pattern. Questions:Is Folkston a front for Bill?Why was the loan never disclosed and why were the terms of the settlement (and how it got all the way up to A$3.4M) disclosed?Is the deal with Max Resource Corp. a related party deal?Did Folkston commit an insider trading offence by being obviously ‘inside the tent’ on NMM and then strategically get ‘set’ in Max Resource just one month before the deal was announced?