What we want to know is where are the accounts. How much if any money is in the bank. Yes I would prefer to chance administration and justice rather than accept the proposal. If the company is insolvent people need to be brought to account. Is this consortium ??? linked in any way to existing board members. IMO this all sounds very shifty. Asic needs to be asked to step in and establish whether the company is solvent or not and given its non compliance with financial reporting arrangements Asic should appoint administrators to try and get the best deal for existing shareholders. In doing that that can arrange an audit to establish the companies position and whether any laws have been broken.
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kangaroo metals limited
vote no, page-7
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