"The Company is taking every reasonable step to have this suspension lifted and is ensuring that it is doing all things lawfully required to enable this to happen for the benefit of shareholders." What a crock!!
Another impaired loan to a related party (JBL) - $600,000 this time! See page 11: "Management have considered the recoverability of the loan and have impaired the asset by $600,000 based on estimates of the recoverable amount that JBL is expected to be able to repay."
How much longer is ASIC going to allow this farce of a company to continue sticking it to shareholders?
HML Price at posting:
$1.99 Sentiment: None Disclosure: Held
