3 directors minimum required of which 2 MUST reside in Australia, plus company secretary.
So as it stands and factually speaking without any acknowledgment of exemptions required ETC - The company does not look favourably compliant to the ASX in order to relist due to;
- The non announcement of financials for the required periods, contravening Corporate requirements.
- Continued ASX concern on financial viability in the absence of “signed” commercial deals or financials declaring improved cash flow position from revenue and / or fresh investment received by the company.
- No “current” Australian directors, non compliant.
- A former director currently under investigation for fraud for dealings whilst a sitting director of Tv2. During which period Legal cases against Tv2 were settled in favour of Humich under propagated terms. JayPlus were to refund the $2.1m to Tv2 however since have expunged commercial agreements with Tv2 and the repayment of the propagated funds have not been spoken about again. Silvey was intergral in setting up the JayPlus deal which appears to have been funded by Australian SuperAnnuation/Investment funds although JayPlus registered in the UK !
Many can draw their own conclusions….
TV2 Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held