"The Company has issued a number of Securities over the last 6 years without issuing an accompanying cleansing notice or prospectus in respect of those Securities. The Company understands there was trading in some of the Securities the subject of these issues within 12 months of their issue dates which was not exempt from disclosure under the Corporations Act and the Company is currently confirming the extent of this."
Nothing to see here hey management?
"Empire Equity Ltd, being the Lead Manager to the Capital Raising Offer, is defined in the Glossary in Section 17 of the Prospectus as having ‘Australian Registered Body Number 603 556 421’. This reference is incorrect and should instead be replaced with ‘an entity incorporated in the Seychelles with Registered Business Number 061578”.
How did they get this so wrong? They don't even know where their lead manager is located??
I assume this is the d'Sylva company? If so, good luck.
QBL Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
