You are aware this $1.2m 'loan' as you call it did not originate from a cash advance, right? And that it originated as part of a collaborative agreement that did not come to fruition and was only payable when/if it did?
The issue has been beaten to death and discussed many times but you can't leave out those pertinent facts..
I'm not saying I wouldn't prefer it in the CGB coffers (everyone loves a war chest - I know I do!) but at the same time one wouldn't just pay money they are not contractually obliged to.
A reasonable person would hazard a guess and say that the organisations assisting in the CR would have specified that the company pursue this amount if it was possible to. And I am also of the belief the ASX team reviewing would surely have assessed this in light of the impending CR.
Big difference between impaired receivables and gifts/loans when looking at this matter. Origination is key.
CGB Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held