OVT 25.0% 0.5¢ ovanti limited

Ann: Results of Meeting - EGM, page-406

  1. 1,935 Posts.
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    Well, were you duped or weren't you?!!

    If you were duped, as you claim to be, and if you have evidence of being duped then what I said is not rubbish at all. A valid legal remedy for that circumstance is having the contract and, therefore, the share allotments set aside.

    Don't you want to minimise your losses?!!

    When you paid those funds for the shares, in the first instance they went into trust as required by Section 722 of the Corporations Act. If the allotment of the shares was irregular due to fraud then those funds could not have been validly withdrawn from trust and put into the IOU main bank account. They should have stayed in trust and be available right now to Clee and clients.

    https://hotcopper.com.au/data/attachments/5285/5285098-83ec767df5cdfc5f474e9deb1d98874a.jpg


 
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