Quarterly Report: The Company expects to lodge an application in the Federal Court within the next month to seek declaratory relief in relation to historical share issues that occurred during the period 2016 to 2019.
Relief as in 'just forget about it' There is no income generated, just expenses mainly for paying directors from loans provided by the chairman. These loans come with high interest rate and provisions of default if changes to mgt or BOD are forced. Interesting business model and conduct.
APG Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held