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23/04/25
06:06
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Originally posted by James1964:
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James Tsiolis is listed as at August last year as a Director of Principals Funds Management! Please see below. You guessed it, James place of residence is 65 Stanley Street. Yes, the same address for the Global Head Quarters of NET. Even though James' Strategic Capital Management company did NOT DO WELL AT ALL he seems ot have landed a spot with Kiefel. I do not knwo the other people involved or what they are about but wow James is in another Funds Management Company. Maybe he can get Principals to bail out NET. Can the other directors support an idea like supporting NET given the catastrophic losses and dilutions NET has been about? "Current & Historical Company Extract THE PRINCIPALS FUNDS MANAGEMENT PTY LTD ACN 092 684 912 26 February 2025 AEST 01:39:13 PM 1 Organisation Details Document Number Current Organisation Details Name: THE PRINCIPALS FUNDS MANAGEMENT PTY LTD 015795016 ACN: 092 684 912 ABN: 12092684912 Registered in: New South Wales Registration date: 03/05/2000 Next review date: 11/07/2025 Name start date: 24/05/2000 Status: Registered Company type: Australian Proprietary Company Class: Limited By Shares Subclass: Proprietary Company Officeholders and Other Roles Document Number Director Name: CHARLES PETER HUNT KIEFEL 5EAB92308 Address: 31-33 Georges Road, FLINDERS VIC 3929 Born: 18/07/1955, MOREE, NSW Appointment date: 16/05/2000 Name: JAMES NICHOLAS TSIOLIS 6EFOA2380 Address: 63 Stanley Street, DARLINGHURST NSW 2010 Born: 30/05/1968, ATHENS, GREECE Appointment date: 19/08/2024"
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Would be very interesting to know how much he was charging Net for rent to use this address, and whether it was ever declared to shareholders or swept up in the large expense bucket.