Ann: Response to ASX Query, page-7

So someone buys 5,000,000 ZYB shares for $70,000.

Meanwhile the ZYB company has been suspended from trading .

The 5,000,000 share buyer gets to be the CEO of an ASX listed company with a $150,000 salary (by default? Who voted GeorgeH into this position & his salary package?)

But he chooses to borrow all the company’s cash $550,000 leaving not enough to cover this quarters expenses, instead of taking a salary. (Why not just take the $150K salary for doing little & keep the company solvent for the next few years?)

The security of 5,000,000 shares costing $70,000 at the time of purchase, but given the company is not trading the present value of this security is unknown.

Fails to pay annual ASX listing fee

What next???

zyb maybe declared insolvent, shares worthless, security against loan worthless.

What credentials does the Zyber CEO have in anything required to run a company, other than he can buy 5,000,000 shares in it?

https://www.businessnews.com.au/Person/George-Hatzipapas

values the GH’s ZYB 5,000,000 shares at $70,000

I’m looking for opportunities to buy into a salary job that pays $150K, get to put CEO of an ASX listed company on my CV and don’t have to produce anything.

Qualifications, Experience in running a profitable company not required.