conversion or default, page-8

First 8 Last

Share
Profile

Follow
nolly

1,581 Posts.

51

16/01/19

11:01

Post #: 37129378
Share

Originally posted by D1326: ↑

I submitted my third complaint to ASIC regarding the conduct of this Board and because I have not heard anything I phoned them. The person I spoke to couldn't tell me much but did make a comment about the number of complaints received. I got the impression that even if the conduct is disgraceful which it is in this case then ASIC will not act if they have only received a few complaints from shareholders which makes sense. The more shareholders that complain the more likely ASIC are to act. We don't have very long as the Gandel loan is due in February and the company may be making lots of money but as we know by past experience they can spend excessively and waste money and get the company into more debt if it suits their purpose. Most of the announcements in the last 6 months have concentrated on the debts they are accumulating and the ridiculous terms. With the discount of 20% the con. notes are @.35cents with security over the company's assets. They will get away with this unless MORE shareholders go to ASIC

Expand

Might be idea to send a copy of this to CTL as well to let them know, so they can change their strategy

CTL Price at posting: 0.9¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 8 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

conversion or default, page-8

Top Stories

Week 29 Wrap: ASX hits new all time high of 8,766pts ahead of Aug 1

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Featured News