IMO, the section headed "Matters Subsequent to the End of the Financial Period" contains some issues that we did not now about. Interesting, and a simple observation that if BGC is successful the co will be placed in liquidation.
On 6 July Corporate Update the co said re BGC action:
"On 19 May 2017, BGC initiated legal action in the Supreme Court of Queensland against the Trustees , the Company, SPM and Cyan seeking orders, including, that the DOCA be terminated, and the Company and SPM be placed into liquidation. The Company considers BGC’s claim to be opportunistic and of doubtful foundation. The Company will defend this action vigorously and, together with SPM and Cyan, have jointly instructed King & Wood Mallesons to acts on its behalf in this action."
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