The ASX is finally on to these opaque Directors who appear to operate with no consideration for shareholders.
More than 6 months to get a building loan indicates the banker has serious suspicions on the substance and direction of both IMI and White Date.
Another significant dilution to regain enough funds for an IPO topped off by a massive 1:100 restructure cant give existing or prospective shareholders any confidence at all.
Ann: Response to ASX Appendix 4C Query , page-3
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