Morally, I believe that we share holders, having been swindled by this circus, should have had an explanation and updates on the course of action.
I have received nothing in my mail, has anyone?
The other day I missed a return call from Robert Witton the administrator so I called back and was put through. He knew nothing of my missed call and explained there is a Jr and senior RW and that he is the main man. He didn't really wish to say much about Sterling but in conversation he told me, Boonan registered a Deed of Trust before engaging the admin
Apparently this procedure protects Boonan from any charge for fraud or trading insolvent. He also said Virtus were working though things but they are not in a hurry and he isn't sure how Stirling would fit in with their other Pharma businesses
I didn't get to work out what products were left or what was happening with them while in limbo. Cant be much value with the bone picked clean
We lost Med Care prior to admin in a total sham, sadly, this was the one I held most hope for.
I'm not in Sydney but I would love their sanctum to be stormed by demanding share holders seeking an explanation.
Not that there is really much to be achieved as they will only tell porkies or say what ever they think we want to hear.
With wheels of Due Process engaged we all now must be patient and not expect very much for our troubles.
And hopefully we get a chance to take a piece of Boonan some day
Regards and commiserations
RR
- Forums
- ASX - By Stock
- STI
- relisting
relisting, page-36
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)