How can management actually advise the market its not a new liability, on conversely advise it was ''known'' and not think about the ability to afford and pay for the liability until the 11th hour. These guys better pray they get a raising done.
Have a read through this:
https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/
Ann: Update On Subsidiary - CleanTech Energy Pty Ltd, page-17
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