Does anyone know what the money is for in any detail?
And has anyone figured out all the non-arms length relationships between management (maybe even the board) and the companies that do work for the company?
I'd like to know what the current liabilites are and where the cash is going - with some detail.
If the loan is going to something that will benefit shareholders - then shouldn't we support it? But if it is for corporate dinners and marketing when the company isn't trading, or for invoices from non-arms length parties? I think managment should have looked to renegotiate contracts (and maybe they did??) to reduce expenses until the whole CTO is lifted.