They are not required to pay up. The board is telling us though that there is good value in trying to chase the debt outstanding that is valued at zero. Just saying it there is such good value there wouldn't GC1 be better off making a takeover and getting all that value rather than leaving such a high cash balance in their LIC?
Ann: 249D Request for Directors to call a General Meeting, page-15
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22.0¢ |
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Mkt cap ! $5.314M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $4.318K | 19.34K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 493276 | 22.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 2768 | 1 |
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