Well now you know what the business is worth.
Once again the major shareholders will have their way & try to make money off the back of the misery of others.
Freedman is behind the spill, has to be to cover the 5%.
Bart, van Boheemen and Freedman are all connected.
@DEP here's some more research for you.
And they have been busy the last couple of months ..... same thing with another listed company last month where Bart & Freedman are top shareholders.
https://www.marketindex.com.au/asx/id8/announcements/notices-received-under-section-203d-and-249d-of-the-act-2A1473297
Mr Bart leaves a trail .....
From ** 2017 -
"The leader of the expedition, Fred Bart, is a man for which the term “colourful business history” was coined.The former professional poker player has been involved with at least six corporate collapses and has fingers in three pies right now: an Israeli cancer R&D company, a tech company that deals with space trash, and Audio Pixels, of which his wife Cheryl Bart is a director.Mr Bart told * he has interests in more than 30 others."
From *SMH 2009 -
"THE record of the rag trade millionaire Fred Bart as a director of three companies that collapsed while he was on the board, or shortly after he left, will be raised in an inquiry into the failure of his fourth company. It ran the 16-store bedding chain the Sleeping Giant.Mr Bart's company, which traded as the Sleeping Giant, Bedroom Collections, Liberty Bedding and Bedroom Factory, went into voluntary administration in February with its liabilities exceeding its assets by $5.7 million.The administrator has reported Mr Bart to the corporate regulator for investigation into whether he breached his duties and the company traded while it was insolvent."
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