There seems to be a bit of a pattern.
Former MLM CEO sells SCONI to AUZ whose current market value now $90M. MLM plummets from $16M to $4million
Former CEO/MD MLM attempts to merge with MELIOR
Same CEO/MD booted from board in shareholder vote following failed merger with MELIOR
MLM subsidiary NORNICO put into administration who are liable for royalty from SCONI sale to AUZ. Oversight by former CEO MLM
https://hotcopper.com.au/threads/ann-voluntary-administrators-appointed-for-subsidiary-company.4908979/
MELIOR put into administration https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/Melior-Australia-Pty-Ltd-Administrators-Appointed-168683798/1b3cac3d-eaa8-4ae9-8700-2f78515b7f1c
Wonder who we are talking about
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1.7¢ |
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Mkt cap ! $14.74M | |||
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