Looks like there is around 8 cents per share, if we can recover...

Looks like there is around 8 cents per share, if we can recover the money.. if the liquidator can recover the money for the singaporean creditor, chances are they can recover the money for australian shareholders as well.. but we must act now, alert and put pressure on ASIC and the Australian government.

Now that we have established that the money was there, it is unlikely that these fraudulent directors can make the money disappear without any traces that quickly.. it is just a matter of time before the chinese authority get to them.. how fast will depend on how close ASIC relationship is with the chinese police.

These guys can’t run and just disappear? Where to? Transfer their ill gotten gain to Australia? USA, UK, Canada? haha..

The liquidator estimate it will takes 24 months to finalise this liquidation.

The net is closing in on these scammers quick and fast, it will be a test case to see if money can be recover from China by ASIC.