POW 0.00% 0.8¢ protean energy limited

Ann: Disposal of KORID Energy Interest, page-16

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,977 Posts.
    lightbulb Created with Sketch. 580
    Nominal amounts of the order of one ($1) dollar to transact or get rid of assets are not that uncommon in Oz.

    That 50% shareholding being divested is 100% of what they held.

    It means they will be left with 0%, Zilch,Nada,Nothing. This dog needs to be put down, never to be revived or reinvented. The dog handlers need investigating.

    Note the terms regarding future liabilities.

    What assets are left ? How much is in the kitty, Are they insolvent? Ask them? Good luck getting an answer.


 
watchlist Created with Sketch. Add POW (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.