Auditors are not going to mistake a worthless shell for an operating clothing distribution franchisor and distributor. The issue is not actually an issue of a fake company. The issue is that the director has stopped communicating with shareholders and has alledgedly missapropriated some of the company's funds. Just because there is no website it doesnt mean the whole thing is an empty shell. We just have to wait to claim the remaining assets which could be sizeable. I would advise anyone thinking of selling to delisted.com to wait. We dont know yet how much of the cash and the companys assets can claimed from the PRC.
- Forums
- ASX - By Stock
- SBB
- 32 mill cash -12 mill MC?
32 mill cash -12 mill MC?, page-231
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SBB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online