HCT 22.2% 0.7¢ holista colltech limited

Ann: Response to ASX Aware Letter, page-3

  1. 3,612 Posts.
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    Good to see that they are being held accountable by the ASX - also glad to see they have avoided suspension as shareholders would be the big losers if that was to occur, MGMT would just move onto the next play.
    "10. Please provide a detailed description of the ‘multilevel network’ operations conducted by iGalen? iGalen International Inc (“iGalen” is a network marketing company based in San Diego, U.S.A.launched in February 2017.iGalen has built up network of distributorsin North America,the Philippines, Malaysia and Singapore.iGalen has a longstanding commitment to source allits network marketing products exclusively from HCT. iGalen has distributed two products and intends to launch an additional two products.iGalen has been in a dispute with their outsourced service provider which resulted in the back office being shut down. This disruption resulted in delays in payments to HCT. iGalen has found a new service providerand its priority is to settle all outstanding liabilities to HCTonce it resumes operations."

    Sooo..... we can expect a payment from iGalen soon then ?
 
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