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20/09/18
13:30
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Originally posted by meric
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Ian Gandel was a former director of Octagonal Resources.
I think he’s very invested financially and emotionally into the operation, he’s given a loan because he wants to keep the show going.
CTL knew it and used this to get a loan from him and keep the company running.
I don’t think they made a big plan to take the company from shareholders.
More likely they had no plan at all about finances that’s why we are here.
They overestimated their ability to raise finance at will, probably thought they can roll over the con note.
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Hrm....
Column 1
Column 2
1
delisted from the close of trading today pursuant to Listing rule 17.11.
23/02/2016
2
we understand A1 Consolidated Gold Limited was successful with an offer of two of its own shares for every five ORS shares plus a cash distribution of $0.0055 per ORS share
23/02/2016
https://www.asx.com.au/documents/rules/Chapter17.pdf
https://hotcopper.com.au/threads/fa...olling-ongoing-disaster.2702971/#.W6MUAI5fi00
Edit: Also the debit was noted many times it wasn't unplanned it was said it was planned many releases by them state it and reserves.
Last edited by
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20/09/18