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11/05/18
09:51
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Originally posted by LizardKing
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I know for a fact that Daniel was approached a few months ago with a proposal for a reverse buyout and refloat of the company and wasn't interesed. His phone is now disconnected. Obviously all that is legt is to shut the company down.
All the Directors have ridden this company into the ground while taking huge fees and perks. Such a total scam!!!
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They wouldn’t want to hand control of the company over to any unrelated party in case the new owner decides to run over the books in any detail.
It sounded all so easy back in July last year, a few meetings and get $1m+ in R&D rebates which would pay the directors for another year or so.
It’s too bad that the only response the ASX can muster is to request an updated Corporate Governance policy from this company.