I normally do not look back but how does the ASX allow a business model under the direction of Shabnam actually get to the stage of being listed to access public funds.
He paid himself hundreds of thousands of dollars plus bonus's as the company sunk into the depths of the ocean from the time of its listing.
It commercially was on a failure track from the day it listed.
....and now another magnificent slide presentation to raise another loose $5,000,000 on a sandpit with no customers.
...along with another subsequent announcement that does not inspire confidence.
For me, I would not hand over another buck to this listing.
If Shabnam found this deal and set this up, what chance has it got.
Write off.
The New Company, page-17
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