GOO 0.00% 5.7¢ gooroo ventures limited

Ann: Update on merger with AIS Anywhere, page-58

  1. 34 Posts.
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    I think that when it does begin trading again, it will be based on a new business ( model or technology), the way the board composition changed, it's a classic hold - "shell" approach until they are ready to relaunch, of course subject to shareholders and ASX approval. How this was allowed to proceed is beyond me.

    Quite likely scenario, a new roadmap and technology may be introduced, i.e. a new business and they will then attempt a rights issue, no points for guessing that there could even be an underwriter connected to Symons or the CEO, That means issuing a new prospectus etc ... and these guys on the board will make a lot of money on "structuring" , never mind the business and all shareholders. Been there done that, nothing new.


 
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