PSL 0.00% 1.3¢ paterson resources ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

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  1. 2,138 Posts.
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    The company must be almost trading insolvent by now..

    The 60 days to settle the sale of our assets to fund the 'lifestyle' of Mr Matthew Bull, Mr Greg Entwistle and Mr Kenneth Banks was around 23 Jul 2024.

    They actually stated to the ASX that the money from the sale was key to the funding needs of the company..

    This company has been limping along for years and has only been providing an income for the above mentioned without ANY return on shareholders investments.

    It's time for the ASIC to have a very close look at the ongoing and previous behaviors and actions of the Directors.
 
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