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2.1¢ american patriot oil & gas limited

Ann: Trading Halt, page-16

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11,061 Posts.

843

05/03/19

22:33

Post #: 37664027
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Originally posted by OldeFella ↑

I think you'll find that the answer is none of the optimistic ideas floated above. I won't attempt to post the whole thing here, but go to AOW's web site and download the prospectus relating to the capital raise (http://clients3.weblink.com.au/clients/americanpatriot/headline.aspx?headlineid=3512320).

Scroll down to section 5.6 - Litigation and read through 'Claims by CIP and CPS', 'Creditor's Statutory Demands', and 'Defender Fund No. 2 - Default Notices and Forbearance Deeds'.
Not pretty, but you'll see the need for the capital raise.

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That's difficult to get your head around
- On one hand AOW say their not involved in any Legal proceedings
- And at the end it suggests Defender have got them by the balls

I don't know if this all stems from ages ago or whatever, as I have never gone in depth here on my research, care to shed any further light.

AOW Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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