Thanks for this Spok, this is my take (fwiw, its for the arbitrator to decide of course) - it actually supports Rimfire's position, not undermine it. Heres why:
(1) Rimfire became formally aware of the governance mess at GPR in late July 2022.
(2) Giovinazzo’s improper 89.1% share grab happened 19 July 2022 — after Billis moved to remove him as director on 18 July 2022
(3) Prior to that point, Rimfire dealt with the director GPR itself held out — as shown on ASIC.Rimfire isn’t expected to stop operations based on shareholder noise or behind-the-scenes disputes. The law expects formal notice or a legal determination — and Rimfire acted when those material breaches became clear.
(4) Termination rights were triggered by those July 2022 events — not before.
(5) The timeline backs that up.If anything, this timeline highlights: ehen the breach occurred, when Rimfire was entitled to act, and that Rimfire relied on official records until formal notice emerged.
Good find, well done.
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1.8¢ |
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Mkt cap ! $45.32M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.8¢ | $11.70K | 650.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 41264 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.8¢ | 645911 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 41264 | 0.017 |
1 | 1000000 | 0.016 |
2 | 838000 | 0.015 |
1 | 500000 | 0.014 |
1 | 76922 | 0.013 |
Price($) | Vol. | No. |
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0.018 | 645911 | 1 |
0.019 | 1014703 | 2 |
0.020 | 23810 | 1 |
0.021 | 337014 | 3 |
0.022 | 1375000 | 2 |
Last trade - 13.16pm 20/06/2025 (20 minute delay) ? |
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