Ann: Suspension extension, page-66

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goldnova1

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03/07/24

21:44

Post #: 74596031
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Originally posted by Banker: ↑

There's effectively two parts to this

Incor/Pangaea had control
Sold control to Quantum

Quantum now has
30% holding
2 directors on the board out of 3
Security over the cash in bank
AND
Security over the deposit/tenements

If for whatever reason BEZ stumbles
The cash and asset becomes Quantum's

Now BEZ

Is dependent upon 2 Quantum directors
And funding from Quantum.

Given liquidity issues and apparent confidence crisis in the Quantum business model, funding may not continue (who knows).

I've asked myself and posted a few months ago.

Does Lim Khong Soon look after BEZ or Quantum first and foremost?

What triggers certain events?
Such as
Default by BEZ
Default by Quantum

When can Quantum issue notice to BEZ for delivery of gold?

Ultimately I was looking for/at a rapid ramp up of expenditure showing that the transaction was serious ie. Spending the cash.

I've read the agreement and Security agreement several times and attempted to discuss on this forum and it hasn't gone down well with the locals.

It all started with Quantum paying what appeared to be way above current market price for their first chunk of shares.

Now someone has control.
What are they going to do?

Not much shareholders can do I suspect at this stage...

Expand

I also wonder what happens when/if these ugly events unfold. it seems almost sure that quantum is having liquidity issues though and what do you personally think happens then banker? would courts order besra to send the money back to quantum or something like that I honestly have no clue and am asking you

BEZ Price at posting: 9.9¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Ann: Suspension extension, page-66

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