@Neil1959
Neil, are you able to ascertain some basic detail of the recent trip to China by either QBL personnel please?
By that I refer to things like;
(a) The total cost (travel + accommodation)
(b) The class of travel
(c) How were the interests of the shareholders served by this 'trip'?
(d) Are there any other trips planned for the coming financial year?
This is particularly relevant as this will be a year when the QBL directors will be asking QBL shareholders to dip into their funds to support, what is at this stage, a grossly inflated capital raising.
And can you also provide some detail on the following please?
It is a fact that Volcan (and entity controlled by QBL directors) owes QBL ~$1,200,000 - see Annual Report.
It is also a fact that QBL is looking to raise capital at $0.08 cents per share.
Given those facts;
(a) Is there anything that prevents the QBL board issuing a
demand for payment upon Volcan for the outstanding $1,200,000 owed to QBL and use those funds to reduce the capital raising and therefore the dilution to QBL shareholders?
(b) If, there is nothing that prevents the QBL board issuing a 'demand for payment' upon Volcan, then why is this not a financial imperative for the board?
At $0.08 that would reduce the amount of new share to be issued (and resultant dilution) by a factor some 15,000,000 shares ($1,200,000 / 0.08).
(b) And does the QBL board have any plans to reduce costs in the new financial year?
Again, this is particularly relevant as this will be another year when the board will asking shareholders to provide them with more cash. The shareholders (and potential holders) ought to know how their funds will be used as well as the level of prudence applied to the expenditure of those funds.
Thanks
