Good morning guys,
Yesterday I placed a post in here in response to one of the members, where I mentioned that I was waiting for the authority to open a new thread.
Sholom, and the management team, at times, get swamped with huge amounts of correspondence from shareholders and interested parties. To respect all those shareholders and investors, who contact the company, it is important for the company to monitor the level of communications, and not overburden the response system by having longer than normal delay times to the genuine inquiries.
As the management team works through the correspondence and brings it to a manageable level they will then open up more channels of communication to respond to these inquiries, such as the Q & A's. In the meantime, they have contacted HotCopper administration and requested an increase in my level of authority to address certain questions, on this forum, on behalf of the Board and management team.
We have been reading all of the posts, from the past 2 days, and there are some inaccuracies and misinterpretations in posts, that I will address later today to help everyone. The company has released its most important announcement to date, and due to the complexities of the nature of the transformation and the new acquisitions, we do understand why there has been some confusion and "possible" misinterpretation of the document, which respectfully, was massive in its scope and size.
The company would also like to thank
@ZMan who went to the trouble of contacting Sholom and then coming back on here and addressing the inaccuracies in his earlier posts regarding his interpretation of the market announcement.
As the QBL HotCopper rep, my job is to report accurately, information from the Board to this forum but, also equally, I have a responsibility, to the shareholders of QBL, to report back concerns and queries to the management and Board.
I hope that many of you have now seen, by the Q & A released to the market yesterday, as well as the flow diagrams placed on QBL's FB page, that I am taking that role seriously to help both the company and its shareholders bring clarity and explain, in more simpler detail, the complexities of the detailed content that was in the announcement. I have been charged by the company to act responsibly in my role as the QBL HOTCopper rep here in this forum. I don't just report one side. I also report back concerns so they can be addressed by management.
Later today, I will prepare some responses to the many comments, concerns, and questions that have been raised on here over the past couple of days. I have been in communication with Medcan, and the management team over the past two days and also overnight. The Company is taking its role to report to market, accurate information very seriously. We will make sure that we do everything possible to address any genuine concerns, shareholders, investors and interested parties have regarding our latest acquisition, and where the company is heading for the future.
Thanks,
Neil1959
QBL HC Authorized Rep
QUEENSLAND BAUXITE LIMITED
