AJQ 0.00% 10.0¢ armour energy limited

How can a group of seemingly credentialed directors allow this...

  1. 979 Posts.
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    How can a group of seemingly credentialed directors allow this to happen? Total incompetence. One of the directors is a solicitor, supposedly an expert in corporate and mining. Mather the magic company spinner in the mining industry, yet oversees the failure of almost every company he is currently director/CEO and chairman of. The business partner, CEO and the largest shareholder AJQ who is also the business partner of the current chairman of DGR (who gave $$20 million to AJQ) didn't see this disaster about to occur. What a group of absolute fools we had as directors. Promises that turned into lies and certainly fraud..... didn't achieve or do anything that was promised. Who appointed the current administrators? Did we actually take out that loan and paid all the costs involved when a late bid was made to buy out AJQ, only for the bid to be rejected by administrators because DGR was on the nose and couldn't be trusted? Does DGR have this loan money in the bank knowing that it has to be repaid at the end of this year, after paying a huge, huge interest rate? And these same fools are still running other companies......all of which are also failing, costing shareholders all (AJQ) of most of their investments. How did the auditors get it wrong so badly? How did the directors, the company secretary and CEO get it wrong so badly? Not a word from DGR management (same people in control of AJQ) as to what can, is going to, or could be done! No nothing except we will look at legal response (Moller will help in this.....won't he). ASX, ACCC, Police, etc should be involved. These fellows have become rich over the decades. Time to be held acccountable.
 
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