ADY 0.00% 0.9¢ admiralty resources nl.

sham, page-11

  1. 838 Posts.
    There are too many strange thoughts running through my head at the moment but here is one of them.
    Prior to 30th oct hawkswood was an unsecured creditor.
    Then ADY (aka PT) signed an agreement to hawkswood for a "fixed and floating charge over ADY" meaning that Hawkswood was now fully secured as a creditor.
    PT then sells RLL for $36mil to a shelf company with $1 assett and from what my colege sugests that the deal used the same lawyers ie hawkswood/charge layers and presumably ADY lawyers are the same.
    The ASX then lets trading continue for TWO weeks with NO update from ADY other than PT places himself at arms length to the deal by resigning.
    Today there were unusual trades imho as if there was insider trading (assumed only) prior to any announcement.
    Then comes the announcement.
    I now understand from posters that Charge cant come up with monies as agreed and will try to renegotiate sale (or whatever)
    There seems to be so many other strange things going on in addition to what Im saying which leads me to think:

    are there grounds for shareholders to ask legal advice as to weather there are shareholder claims against ADY and or directors over the information given to shareholders over the past year???

    What do others think??
 
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