APG 0.00% 0.2¢ austpac resources nl

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-11

  1. 124 Posts.
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    Quarterly Report:
    The Company expects to lodge an application in the Federal Court within the next month
    to seek declaratory relief in relation to historical share issues that occurred during the
    period 2016 to 2019.

    Relief as in 'just forget about it'
    There is no income generated, just expenses mainly for paying directors from loans provided
    by the chairman. These loans come with high interest rate and provisions of default if changes to mgt or BOD are forced.
    Interesting business model and conduct.
 
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Currently unlisted public company.

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