I assume most people know about the Former MD of Allomak Robert Allan and his association with ASU and his good mate Richard Rubins.
The shareholders of AMA have been through hell because of the shifty, dodgey, UNETHICAL dealings of these men
I hope that the shareholders of ASU have a good outcome
This is from AMA
"Allomak Commences Legal Proceedings
The Board of Directors of Allomak Limited advises that it has commenced
proceedings in the Supreme Court of Victoria against the company’s former
Managing Director, Mr Rob Allan, Panache Global Holdings Pty Ltd, Guiding
Technologies Pty Ltd, and Mr Richard Rubin.
In the proceedings Allomak seeks recovery of the sum of $7m relating to Allomak’s
acquisition of hand dryer technology in 2008 on the grounds of Mr Allans’ breach of
directors’ duties.
The Board has previously advised that the hand dryer division of the company,
known as Alloair, has ceased trading. The company is now pursuing the recovery of
its losses.
The Board shall keep the market advised of any further developments in this matter".
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