This info, plus the 'aware' letter, cast a dark cloud over the company's continuing existence I feel.
Fancy letting Ora Banda obtain Judgment Debts against the company. Getting a judgment debt against you usually means that you have not complied with served Default Summons for a specified claimed debt, usually arising out of a contract.
It it's owed, then sort it out before judgment time by admitting it and seeking time to pay it off. Don't (seemingly) do nothing and let the debt be proved by default. That enables immediate enforcement action
If you want to muddy the waters, then file a Defence etc so as to slow the process down.
The non-disclosure is a possible serious breach of the directors' collective duty of continuous disclosure. Watch this space too!!
HOR Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
