Big Un chief financial officer Andy Corner proposed issuing $50,000 of shares to pay for a "team night out" in an attempt to satisfy important shareholders, according to leaked internal emails obtained by AFR Weekend.
The new revelations cast doubt about the $380 million listed online video company's claims that it issued shares to consultants and other services providers as a means of preserving cash.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
