Ann: Results of Meeting, page-62

As predicted, this thing has been allowed to run down to almost zero before the CEO contract runs out, or comes up for renewal.

What usually happens in these circumstances, and I've seen many over the years, is that the CEO resigns (and sometimes the whole board), just before it goes into administration. They time their exit run perfectly.

Even Lind cannot be paid now, for their loan, because there are no buyers at all, so permitting them to sell online in order for them to recoup their loan is useless.

I expect in these circumstances the only way the loan can be repaid is in cash, and since the company does not have any cash, or any buyers, then it will have to declare bankruptcy, or default on the loan, and go into administration.

There is nothing left here, it's a dead duck floating, just awaiting the final administration notification now.

ASIC should have been on to this a year ago, they have been neglectful in their duties and responsibilities, once again.

Gw