"... The Company lost control of its subsidiaries on 3 October...

"... The Company lost control of its subsidiaries on 3 October 2018..."

"... It is the understanding of the Company that it has until 22 June 2019 to satisfy the requirements for lifting its suspension from the ASX, failing which it will be delisted..."

"... The Board of Directors is actively evaluating various options available to the Company in relation to reinstatement of its securities to trading, including potential reverse takeover opportunities. If, and when, such an opportunity in the opinion of the Board becomes likely to proceed, an appropriate ASX announcement will be made to the market in accordance with the Company’s continuous disclosure obligations. If efforts fail to produce a suitable path to reinstatement in the allotted time period, the Directors will liquidate the Company and return the remaining capital of the Company to shareholders..."

It does look like the directors have been making very little effort to find other opportunities for the company. Over the past two and a half years there has been no announcement related to the directors speaking with any other interested parties about a reverse takeover opportunity.

Which leads me to conclude quite convincingly that the directors and the private wealth companies they are related to have simply been sitting back each year and taking $1 million in fees, for doing very little - it's been very easy money for them.

How many of you can say you've ever had a job where you don't have to do anything for a year, and then you are gifted on average, more than $1 million for it?

It should be illegal of course, like a thousand other things under the corporation act, and on the stock market, but it never will be, because the corporate financial systems and stock markets of the world are controlled by certain elements of society, like they have been for hundreds of years, but now we have an even more accelerating transfer of wealth from the poor and middle to the upper, as recent statistics show. And what are the upper doing with it, besides buying homes and cars and boats and holidays, well... in America they are building large estates with massive walls, and very tight security, and having everything delivered in, they are preparing, because they know what is coming eventually.

The peasants are revolting.

This one is simply going into administration, the sooner the better in my opinion, may as well give us all the tax loss, for the 2019/20 financial year.

Gw