I'll say it again, and you're tellingly silent on this 612, but where this is headed is Clee and clients commencing action against IOU for return of the entire $50 million. They'll be trying to salvage whatever they can get.
They won't get it all, but whatever is clawed back will be returned to the trust from which it should never have been removed. No shareholders other than Clee and clients will benefit from the claw back.
I can understand that in that circumstance the new BOD would of course resign as there would be a clear conflict of interest. Their resignations will actually be foreshadowing the commencement of the legal action.
- Forums
- ASX - By Stock
- Ann: Results of Meeting - EGM
I'll say it again, and you're tellingly silent on this 612, but...
-
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OVT (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $4.960M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $31.89K | 7.949M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 17156544 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 770660 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 17156544 | 0.003 |
19 | 20259887 | 0.002 |
18 | 49490073 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 770660 | 1 |
0.005 | 8419195 | 13 |
0.006 | 3562302 | 6 |
0.007 | 3414826 | 12 |
0.008 | 6863573 | 14 |
Last trade - 15.34pm 30/07/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online