Reviewing the history here, it's a wonder the BoD hasn't yet...

Reviewing the history here, it's a wonder the BoD hasn't yet terminated the chief executive, and/or that the ASX hasn't brought legal action on the basis the entire thing was made up. Seems to me that Valentia is nothing more than a shell with zero access to real funds. This is a farce.

28 Feb 2016: Valentia US$110M HOA Signed
01 June 2016: "funding preparation are complete and transfer of funds is scheduled for this coming week"
08 Jun 2016: "all that stands between the remittance of the investment funds... is audit signoff that is expected this week"
14 Jun 2016:"audit process has been completed and signed off, clearing the way for transfer of funds on 14 June 2016"
24 Jun 2016: "funds expected are in the pipeline. EVM anticipates receipt on or before June 30, 2016"
30 Jun 2016: "Valentia will execute a fund transfer of US$ 10 million on July 11"
04 Jul 2016: "can expect US$5M within 7 days of receipt of an initial transfer of US$10M that is due to be remitted on 11 July"
15 Jul 2016: "initial funds of US$10M due to be remitted on 11 July were delayed in the country of origin"
12 Jul 2016: "delays beyond our control"
11 Aug 2016: "delays in receiving approval from the authorities in the countries where the funds are located. We are ready to execute US$2 million by Aug 31 and US$8 million by Sep 30."
02 Sep 2016: "the first tranche will occur the week commencing 4 Sep, the balance by 30 Sep. A last tranche is anticipated to be received within 7 days of [the balance] being received."
06 Sep 2016: Resignation of Company Director due to "conflict of interest"
20 Sep 2016: "the tranche expected for 5 Sep has been pushed out to 23 Sep"
03 Oct 2016: "roll the planned tranche into a larger tranche expected to be received on 3 Oct. The cause of delays have been resolved."

(40 days later.. complete radio silence).

Roger and Kim sure earn a lot of money on the backs of shareholder for running this circus.