RE:Director charged SX 24% interest on $25k loan in 2017!!! So an undisclosed director loaned SX $25,000 in 2015 with the following conditions
- the loan bears interest at 24% per anum
- A $5000 signing fee for the loan is paid to the director of the SX
There is still $10,565 oustanding on this loan as of Sept 30, 2017.
My question is that the director in question who has been bilking SX the same director that has turned around and hit SX up for a $75,000 interest free unsecured loan?
Anyway you slice it this loan issue looks bad, corruption/negligence by the CEO and BOD in my opinion.