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All's fair in love and take overs.NME are lawyered up and taking...

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MrAu

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14/01/22

19:58

Post #: 58877981
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Originally posted by zencol: ↑

Well folks, it appears to me that the most important issue in
this saga is being ignored or overlooked by the NME SHs
and that is the comment made by the panel in regards to 'the orders
on page 3 of the ann.

8. Nex Metals must immediately advise the market of all of the following:
(a) that its target’s statement lodged with ASIC on 29 October 2021 is
misleading and contains material information deficiencies.

In my opinion the Panel is saying in a nice way "You have lied, so please
correct that lie.
The implication of this may be misconstrued, that the NME BoD may have indulged in
deceitful and dishonest practice, if so, this could yet turn out to involve
other legal processes.
The omissions and deficiencies in NMEs statement may well have been a
genuine oversight, if so it has taking forever to admit such an error and
the incompetence and correct the problem.
It is yet to be seen if ASIC looks at this issue from another legal angle.
NMEs submission to the courts doesn't raise any confidence, when
one looks at the submission to the Review Panel.
As always just an opinion and a different point of view.

Expand

All's fair in love and take overs.
NME are lawyered up and taking no serious risks with AISC.
The Panel is a low level quasi legal body with little clout.
MCT won't be rescued by regulators zencol.
Another month of this fiasco and the SP of MCT will fall off cliff imo

MCT Price at posting: 0.9¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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