Probably as soon as he receives sufficient remuneration as a director he will pay his bill - or not!
What surprises me is that ASIC has allowed this to go on so long since the original shambles became known.
Is it permissible for a company to give credit to subscribers for shares - at no cost - at no interest - and without any explanation to other shareholders WHO HAVE PAID FOR THEIR SHARES?
I would think not - but I must be wrong because nothing has happened. It is apparently quite proper for directors to treat their shareholders as mushrooms in this instance.
DYOR
Regards...............
Probably as soon as he receives sufficient remuneration as a...
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