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10.5% 3.4¢ delorean corporation limited

Ann: Update On Subsidiary - CleanTech Energy Pty Ltd, page-52

  1. TheSourLemon
    196 Posts.
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    09/06/23
    09:16
    Post #: 68209844
    If payment isn't received, the CER will not hesitate to order DEL to liquidate/wind up the entire company. As it is a subsidiary wholly owned by DEL as the holding company. The current directors may have been in breach of their duties by knowing the subsidiary was insolvent and could not meet it's short-term liabilities.
    DEL Price at posting: 3.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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