Australia's largest stock trading and investment forum Australia's #1 stock forum

PEZ

0.00%

1.7¢ premiere eastern energy limited

"This is a global scandal that the regulators are trying to...

First 71 Last

Share
Profile

Follow
pgrace

5,169 Posts.

432

08/08/18

13:19

Post #: 34802271
Share

Originally posted by asteroider ↑

Forget pursuing them in china, you will never see a cent. If you have seen 'the china hustle' you will see this has been going on in HUNDREDS of O/S companies exposed to the west and billions have been looted and sent back to the west to buy real assets and the Chinese authorities are complicit.

If the liquidator finds fraudulent accounts in the light of the revelations in that doco, I reckon your best bet will be to go after the group that brought the listing due to their due diligence. They are local and you might get a class action up as they bought MULTIPLE companies.. all seem to have similar accounting and market discount issues. Best chance is to trawl their listing history and contact all S/H in all companies, still listed or not and I bet a local law firm will look at it to take it on as a class action. This is a global scandal that the regulators are trying to ignore.

I for one will never touch a chinese company again until I see the Chinese authorities prosecute the thousands of nationals that have been running scams shown in that doco.

Expand

"This is a global scandal that the regulators are trying to ignore."

This is exactly right unfortunately. ASIC are performing what exactly with all the phone I pass to them year on year as a MD of my companies...

All the best

Gracie

PEZ Price at posting: 1.7¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil