When I started maybe 2 or 3 years ago, I didn't get much response at the start, then a couple of people started pointing out things too, like the escalating number of shares they created, it got to 3.2 billion. It had come from 250 million.ie the share capital was expanded 12 times, within a short time. Then they dropped a 150-for-one, consolidation on shareholders. People were not too happy, but there were enough people around to support them because they were raising more money and had bought the Gekko and shareholders thought they were going into production. People started to question, the terms of the Gekko purchase, even **promotion blocked** did that. Asking questions about the related parties involved & the purchase of the Gekko for millions of dollars from a company managed by a related 19-year-old teenager, straight out of high school & her uncle. That's when things hotted up.
Within a short time maybe 12 months, they issued another 12 billion shares then consolidated them with a 50 /1 consolidation. They consolidated the original shares, by a factor of 7,500. My $500 of shares became worth 8 cents. That's around the time I started smelling a rat.
Also at that time too, people started to post things about new Harleys & utes being bought, and about family members being employed.
Also historically about major shareholders taking the company to court, about the Tax Department taking a key man to court.
So if you believe any of this rubbish Ghosta is spinning, just go back a couple of years & start reading about Great Western Resources/ Fairstar. I never owned these 2 companies but others had, and I read about their activities. The fistfight at the AGM became legendary & a decision to appoint a stand-alone ' at arm's length board was made in the new company.
We don't know yet, but judging by the way Ghosta & Garfmate & the newly recruited Max are going on, some free shares might be allocated to any new company. Just go back over the last couple of years & you'll see how many people have been warning others for years. So after 11 years, they are proposing cashing in everything and paying out the last financiers & keeping the balance. Probably only the Taxation Department could estimate in tax claims how much has been lost on this company. But notice one thing, there is no one supporting them here except the 3 stooges
Expand
(20min delay)