Questions to Management - What is going on? Official., page-1038

@beisha ...

What on earth are you going on about??

@The Avenger made some statements that are totally wrong given known information.
You made out I had insight to ASX goings on.

If the company had received the category B license, or had the AHIC accounts to international standards, or had an offtake agreement, then they should have released such information to the market because of continuous disclosure regulations.

It's like a whole group of shareholders don't understand continuous disclosure at all and are expecting the company to have all this stuff done in the background secretly and hold onto it.

The reality is that just on $3 million has been spent since the end of March last year with pretty much nothing to show for it, when the company could have used those funds to do the feasibility studies necessary to show that the project has a chance of being viable.

What do I think is happening behind the scenes?? Probably nothing much as they can't get their half yearly or yearly reports done, nor be bothered in calling an AGM when legally due.

I'm not desperate here at all, it's not my money that has gone. It's shareholders money that has gone, people like yourself that are left clutching at straws with every rumour that comes along about something great happening 'shortly'.

All the same reasons I've been talking about for over a year, are why this is going nowhere, yet shareholders have just let it happen to them, preferring to believe all the rampers that have been wrong the whole time instead of putting pressure on the BOD to run the company properly.
The missing half yearly and yearly reports, plus the lack of AGM have to tell anyone paying the slightest bit of attention that this is not being run properly. The attempted backdoor listing is just another example, along with failure to attempt to show the project is viable in the correct way, etc etc.

@panther22 Yes there is something shareholders can do. It only takes shareholders with a combined total of 5% to be able to call an EGM with some motions and questions for the BOD.
Alternatively there is always ASIC that a complaint can be lodged with etc. Personally I think getting the shareholders together is the best path, but I'm pretty certain ASIC is already aware of this mob from the lack of reports/AGM etc.