"The Directors have complied with all requests to date and the process is significantly advanced, with an expectation that it will be completed in the next 6 to 8 months based on initial timeline provided by the liquidators, however the Directors are not aware of any committed final completion date as of the date of this announcement. The Directors will provide an update to shareholders as and when a completion date is established."
So you would have to assume they are trying to buy at least 6 to 8 months of non-communication before any further update.
Hardly shocking, but word on the street is, these guys are not overly experienced in running a listed company.
They still haven't updated their website to advise shareholders that Christine Bowen is no longer working with them.
I'm at a loss as to why there are no updates on US operations given the claims are on Australian entities.
How these clowns can think shareholders could be satisfied with the current level of disclosure is astonishing.
BIQ Price at posting:
1.6¢ Sentiment: None Disclosure: Held
