Yeah mate, all to do with the fundamentals of C18.
Never mind the bloke thats making an appearance in court tomorrow to face the following charges:
In its application, ASIC alleges that the company is not being properly managed and that the company has been involved in multiple contraventions of the corporations legislation, including:
It's all about C18....if only they hadn't hit that salt lens...what a joke!
- a failure to comply with its continuous disclosure obligations;
- a failure to lodge its audited accounts and convene its annual general meeting;
- a failure to appoint a second Australian resident director;
- a failure to hold application monies received under a Rights Issue on trust; and
- insolvency.
Are you seriously trying to tell us it was all about fundamentals still?
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