Ann: Update on Status of Re-Compliance Listing, page-710

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20/05/19

20:49

Post #: 38658105
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Originally posted by Cosmoterios: ↑

You keep accusing posters of NOT posting FACTS.

Did you look into the Mirror and apply that to yourself?

WFE is suspended - that mean its shares CAN NOT be traded, SWAP or dealt with in any other way.
In order to list on the NSX or any other exchanges, you THEREFORE need to set up a NEW COMPANY.

WHICH means the DRC partner and the NEW COMPANY listed on the NSX or LSE, has NO CONTRACT (binding or otherwise).Afterall, their contract is with WFE - listed via the ASX. Which means you have to start your negotiations again with them to buy 50% of the JV.
And they will be able to keep the deposit from WFE (the $600k plus), which is a Separate Legal Entity!!!
And you guys: the prospective shareholder/s will have to SUBSCRIBE for NEW SHARES in a NEW ENTITY listed on the NSX or LSE.

So unless you guys are PREPARED to fork out more money for the NEW ENTITY, you can forget that idea.

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That is false Cosmo- if one is suspended their prerequisite changes I.e. fees but it doesn't prevent from listing.

WFE Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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Ann: Update on Status of Re-Compliance Listing, page-710

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