So thats now $500,000 Ian Mann's company has put up. But...

So thats now $500,000 Ian Mann's company has put up. But remember he has assess to assets for the loans if all falls over. He could take control soon when/if OIL become insolvent, sells to Ziess and MR, and we get nothing.

For those that can recall, 10 years ago there was an Australian ASX listed company called LAKE Technology.
World class sound that rivalled Dolby ( to do with surround sound ). Company bleed to death as it couldn't get funding, went broke, shareholders lost, the along came Dolby ( whom teased LAKE with a little cash for a 10% holding earlier on, then let them bleed), and cleaned up for a penny from administrators and took the IP and patents. You may not know, but a lot of Dolby technology today is thanks to LAKE !!

Hope our little Aussie company OIL doesn't go the same way. Im worried it will.