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clock Created with Sketch. 29/05/24
13:47
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Originally posted by a2zz:
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They were intentionally under suspension despite knowing the court outcome . They had been executing a set of plans to make the suspension lengthy as much as possible, and loot as much money as possible through backdoor in the name of inflated expenses. They have been proceeding with a set of plans to have their buddies buy as many shares as possible at the cheapest price, to show progress in all fronts, and have their buddies offload the shares when the price is high. They know that price will definitely become high from the current rock bottom. They need to keep showing that the company makes profit through their process and staff optimisations, which is important for them to take loan from banks. Bank need to be assued that they are worthy to repay the loan.GLTAH to have as much and as decent return as possible to offset the decent return with the CG realised elsewhere.
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Hey a2zzz, I would have the same concerns about a director staying if that was happening but I guess it's hard to prove. David has a finance background so maybe he'll come in handy when coming up with the $1.8m.
