it does look that way.
If you have the time would you like to report it to the ASX or ASIC?
however I dont know what good that will do, as those in know have already fled...only to leave the stantard share holder, holding at the mercy of this managements incompetance.
It is simply amazing to watch over the 4 years how they have managed to waste all that shareholders money drive the share price down from $1.26 to what 2cents now after this fiasco.
They should sack them selves immediately.
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