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8,929 Posts.
6759
19/11/17
16:46
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Tell me its not true ? the DIA purchase fiasco .
The Capital raising failed to provid sufficient funds for the purchase
GC and others invested millions to shore up the capital raising
Furghana Pulled out causing the implosion , Hurrell's $9k investment now is BS .
With a gun at the head of ADO a new arrangement DIA took control.
DIA screwed ADO for every thing they could and did
GC was sidelined DIA directors had full control of ADO
DIA ran and promoted Diasource and cut funds and staff to ADO .
The lenders of last resort gave ADO the final blow ,sold out shattering the share price ,
The earn out was so onerous ADO had no choice but to Sell DIA or default losing all.
Was the DIA plan for ADO to default and take ADO for free after been paid $23 million?
Fortunately ADO had the right to sell and found a buyer and sold Diasourse.
You still want Diasource directors on the BOD ?
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