FFX 0.00% 20.0¢ firefinch limited

Ann: Findings of Corporate Review, page-47

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  1. 4,183 Posts.
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    Without having read others comments:

    -“a request for access Grant Thornton advised Birimian that it was only prepared to grant access on
    conditions which were unacceptable to Birimian.”
    Probably means they wanted a “no liability” clause of some sort.
    Clearly they were negligent…
    Potential for Birimian to seek damages surmountable to fees charged throughout the period of their appointment. Possibly damages relating to costs after the fact, to rectify issues relating to their negligence.


    -“appointed Mr Butcher as Project Manager and Dr Wilde as Exploration Manager”
    Nice…

    -“ASX has requested that Wavecape sells the shares with the net sale proceeds donated to charity.
    Lawyers for Wavecape have informed the Company that Wavecape has agreed to this proposal”
    What about the Screwed Over BGS Shareholder Charity???

    -“On or about 16 March 2017 and under the former Board, the Company paid $20,704 plus GST to
    Wavecape on account of Mr Joyce’s accrued long-service leave. This amount should not have been
    Paid”
    Just lolz…

    -“Birimian paid an amount of $21,012.20 in excess of
    those entitlements. The Company will seek a refund of $21,012.20 directly from Mr Joyce’s
    superannuation fund.”
    More lolz…

    -Gold deal… I’ll need to re-read that a few times.

    -Relating to our 2 MOU’s: “First Battery and Tongdow. The arrangements referred to in those non-binding memoranda of understanding have not been formalised despite contact being made”

    -“(d) approve an issue of 2,500,000 options to each of your Directors on the following key terms:
    (i) Exercise price: $0.45”
 
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