I do not know how many times I have said. "You just couldn't...

I do not know how many times I have said. "You just couldn't make this stuff up" in regards to the Okap brand.

Yet when I saw Ol pete's name on this Term sheet. Even I was surprised.

So all they have done is arrange a 4 month short term loan on horrible terms. (Given the state of CCC, that is not surprising)

If I'm reading this right...

For $5,000,000. Empire and their investors get $7,500,000 of con notes.
6% of the loan. $300,000 and
70,000,000 at issue price or $500,000.
100,000,000 issued as well for collateral and transferred to applicants under the rights issue.

All for a 4 month short term loan!

(The 10 Oct Prospectus and the Don share sale 5 Nov all become very clear now.)

Paul D'syla from Empire Equity must be quite happy with this easy money and clearly Okap and Empire have worked tirelessly to put together.

They really do seem to work well together.

Over at another Okap company. KAB. Mr D'syla showed up on the board on 10 Sept 2013 on the announcement of a $1.2m raising (Empire and Platinum) and replaced two Noble directors who had only been on the board of 2.5 months.
Noble had advanced a fare whack of money of Mag ore. After KAB and Impondo going through 6.6 million of Nobles money. Noble had only received around 2000ton.
Needless to say. Noble were not keen on advancing any more.
Entry Mr D'syla and the $1.2m.

Mr D'syla is also a director of Alcyone silver.
I jagged a nice trade on this 3 years ago and sold around 1.2c.
Today it is a horrible .001 to .002c

On the 11 Dec Alcyone announced a $25 raising and the off loading of the Red Arrow mine from Platinum to AYN. (Yes the same Platinum at KAB)

On the 17 Dec. Alcyone announced the "Strategic financing of A$3 million to (Wait of it)...... Blackmount Another Okpa company.
Needless to say the AYN shareholders a spitting chips at this!

Now Mr D'slya is at CCC as well. Making the 3rd Okap related company in 4 months.

As for the $2.8m CCC owes Ol pete. I can not find anything in the Annual report in loans or related parties.
(Unless it's note G ($2.16m)

For 90 days nothing can be sold from the transaction.So in 90 days look for the pump and dump.
It might be your last chance.

As I said. You just can not make this stuff up!
(So no Mr Russian. It would seem not.)