Ann: Suspension from Official Quotation - Annual Listing Fees, page-4

  1. 13,679 Posts.
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    Ok, I'm Glad you asked.... when the company you have invested in looks for finance it should have gone into a TH. Having a listed ASX company take up a 20% loan should have triggered a Question session with the ASX. That the servicing of such a loan was possible,, the Directors should have only been able to allocate their share or a mandated vote from shareholders to put all the assets up... if this goes south you will have been party to the biggest 3 shell game we have seen.. if Mangement believe they will come out of this unscathed as they sign over OUR Mill, Our Tenements etc and then get re employed by the new take over entity... they are mistaken.

    The biggest Question that will be Answered by forensic accountants will be the statement "WPG with held payment from Pybar" as pointed out if it is found out that the funds were not in the Kitty ,,ergo not being with held but payment was not possible,, I would advise Senior Management to take a toothbrush and a change of clothes to that court meeting....
    When you make an ASX announcement "with Holding Payment" the ASX should have asked for confirmation,, it will be the difference between Truth and a LIE
    We must be due for preliminary announcement from the administrators shortly,, that will be the guiding light,, who wants what and whats left over..
 
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