Ann: Company Update, page-10

First 10 Last

Share
Profile

Follow
Kiwi67

5,657 Posts.

4

26/04/16

17:30

Post #: 17601849
Share

Originally posted by 2187 ↑

There has been a bit of question about the money.

I gave them $1,000,000 but I only received half that in stock, as the rest they could not issue at the time given that had reach the limit of issuance without holding a meeting.

I heard that PL was furious that I had asked for money to be returned as shares could not be issued.

Which to me sounded revolting.

I mean give me a break to take all of the one bar, go spend on whatever and when you can't give me the shares you get shitty on me....yet time after time the notice of meeting was promised but only emerged in June, nearly 6 months later. I can't recall exactly but I got half my money back in March after I grew infuriated that they could not issue stock.

I repeat, again, the company that returned the money was Range Resources Limited.

So you can all go figure that this company Director had been playing games long ago.

I could tell you many other stories, but that is best left for the TV Series that may be shot in the future.

If ASIC are out there, you all know who I am, so they can give me a call or email me.

DS aka JR

Expand

From the court ruling 21/4/16

You would fall right here!

(a) failing, contrary to s 722 of the Corporations Act, to hold all application money received from people applying for securities under the supplementary prospectus dated 27 November 2014 in trust until the securities were issued or the money returned to applicants; and

Last edited by Kiwi67: 26/04/16

KAB Price at posting: 0.1¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too