Greg, Has anyone seen any provisioning in the accounts that would allow for an untoward outcome in the litigation? Perhaps a little contingency just a smidge ,Disclosure, Corporate Governance statements to be real need to be acted upon I guess? Any idea of what we have paid the lawyers to date , might be nice to know. The scoundrels have a judgement against them for around $1.3 million plus interest, I heard from a little. bird that Jones and his lot have racked up around $1.0 mills so I am guessing we have done the same ? If so what is the point seems circa $2.0 mills to get $1.3 mills is a bad proposition and Jones looks as though he is bankrupt at least that's what News Limited reports .Seems like he will lose his home ! And To the bank ! Not us ! so who governed this sought of silliness. Seems we paid about $50 k to lawyers , last quarter for what ? What did they do for it? Perhaps company secretarial compliance ? Governance ?How will a potential partner view such management ? Oh well I guess it won't matter they will( if they can be found) just want the IP if anything . Goodness knows no one would want the company ... With all its skeletons ? So the cash from any deal if it happens will go into the company. Let's hope the cash exceeds the market cap ? I suppose a little liberal NPV of any royalty stream will give it a kick along ? No cash to back it though? Ah smoke and mirrors where would we be without these reliable little corporate helpers eh ?
Hope the Auditors insurances are sturdy! And also the D&O paid up though I guess the insurers will be quite happy that there is no provisioning ?? Prudent governance and all that jazz...Oh well. Let's hope the directors have some money , class actions can give a nasty fright to the privy purse! Two insurers a few stock peddlers beyond the pale plus some wealthy bizzoids.....a trough awaiting some snouts! Unless a good deal emerges as the ebullient posts breathlessly yearn. What are the punters odds ???
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Greg, Has anyone seen any provisioning in the accounts that...
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Last
11.0¢ |
Change
-0.015(12.0%) |
Mkt cap ! $9.320M |
Open | High | Low | Value | Volume |
12.0¢ | 12.5¢ | 10.5¢ | $10.86K | 91.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 28316 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.115 |
1 | 106751 | 0.110 |
1 | 8377 | 0.076 |
1 | 50000 | 0.075 |
1 | 50000 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 72689 | 2 |
0.135 | 32600 | 2 |
0.140 | 1000 | 1 |
0.150 | 31354 | 1 |
0.180 | 5000 | 1 |
Last trade - 13.08pm 25/06/2025 (20 minute delay) ? |
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IVX (ASX) Chart |