Good reporting from *, revealing a litany of smoke and mirror practices.
At least, on the positive side, they seem to have upgraded their forward-thinking strategy from "wishing" to "hoping" (although the hopes appear to rely on a Kyrgyz offce?!).
The East Star Capital company is the one whose principal seems to have an "interesting" history (a Previous East Star Capital was de-listed before a New East Star Capital (UK) was formed, same principal). Not a great surprise that most of the claimed representative offices are not what they seem?
Similar, it now appears, to TKF's announcements about projects.
The current quest for this $1.2m funding is through Regency Corporate, although that deal is well past its original delivery date and looks barely enough to cover their spend for another month or two, assuming that TKF win the argument over the CN debacle.
Strange that the * report made no mention of the Australia Post deal that also fell by the wayside.
I'd like to know when the 19% bloc of shareholders are going to call the meeting to oust the CEO and the Chairman.
The company has had more trading halts in the last month than is feasible IMO. How long are they allowed to extend until the ASX demand an explanation?
If the management have any real concern for the shareholders and sincerely want the comany to succeed, surely an immediate step down is needed to allow a competent team to be appointed to right the ship and try to restore SH confidence and trust?
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