Australia's largest stock trading and investment forum Australia's #1 stock forum

GSW

Click for more information

0.00%

29.0¢ getswift limited

Ann: Response to ASX Query, page-515

First 515 Last

Share
Profile

Follow
shaunmac

173 Posts.

1

27/01/18

13:58

Post #: 30601804
Share

Originally posted by Maverick1975 ↑

The main threat I see to the company is Fidelity taking steps to unwind their placement. That still leaves $50m and may be enough to entice IMF or some other group to fund a legal case. I am no expert and simply highlighting either of these courses of action as a risk. In circumstances where there is an egregious loss of money, potential for management to be found to have made some serious errors of some sort and a giant pile of cash potentially accessible then those are the key ingredients for an action to be commenced either Fidelity on its own or as part of a larger consortium.

Expand

That wont happen - no one will be asking for their cash back, they would have no hope - the company has responded and covered off on all question from the ASX legally. IMO they are only guilty of hyping announcements which is an area they need to address and change substantially moving forward in order to gain the trust of investors.

GSW Price at posting: $2.92 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AI stocks: What to expect in 2024-25

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

There are more pages in this discussion • 71 more messages in this thread...

First 515 Last

Add GSW (ASX) to my watchlist