From the court ruling 21/4/16 You would fall right here! (a)...

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

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

BRX

Belararox delineates another porphyry in Argentina at Tambo South

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

EMD

Emyria's Empax Centre chosen for mental health clinical trial

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

STX

Strike Energy secures $153 million for Perth Basin gas projects

FHE

Frontier Energy achieves key milestone for Waroona energy project

AML

Cultural heritage agreement puts Walford Creek exploration back on the map