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AFR report, page-17

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Bwatson

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09/10/20

15:24

Post #: 47979979
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Originally posted by BobF: ↑

There is rather a lot of totally speculative supposition on this company at the moment, and every bit of it is bouncing around in the HC echo chamber where it just seems to be feeding on itself. Hopefully this is not a hang out for QAnon conspiracy aficionados - hopefully!

Yes it seems that there has been fraud, but we have no real information to confirm where that fraud has been committed and by whom. Nor the value of the losses involved. Nor the damage to the business.

How is it going to look if we see a headline like this:

"Chinese Govt affiliated directors swindle millions from Australian company and shareholders and steal valuable Australian Govt developed IP. Chinese Govt does nothing to help."
How is it going to look to the investment communities in Australia, NZ, US, EU, UK, Japan - and China - when a situation like that unrolls? What is going to happen to future investment funding and new joint development projects? How many other international investors are going to feel happy about such a situation with other investments into China? This is the stuff of history being made! If I were a CCP official I would be taking personal interest in ensuring that our trusted and cooperative Australian friends are well treated here.

Lets all just calm down and wait to see how this turns out. A lot of us may have made losses. It could be a lot or a little. Let's think about this a bit before we jump off the nearest high rise.

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yeah 100% agree with you on this, some of this IP stuff is pure fantasy. I don't see the point in speculating how it could get worse. Let's just wait for official announcements.

PET Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
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AFR report, page-17

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