Ann: Share Consolidation Update and Appendix 3Y (late notice), page-3

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KenChase

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14/02/22

10:57

Post #: 59550380
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Originally posted by Aussie Eagle: ↑

ASIC should be all over this !! Jeez !

Nature of change

1) Effect of 1:25 Share Consolidation
2) Expiry of unlisted options
3) Resumption of control over entity
previously under external
administration.Absolutely no explanation as to which this 'entity' is/was OR what details surround it going into external administration in the first place !

Could it be the case that he (Sholom) already had shares held by that entity pre-administration and in order to recover them he had to make a deal to pull it out of administration as well as add more shares which were assigned to it/him on 23 March 2021, at no cost.
That (23 Mar '21) figure translates to 4,222,825 shares (new consol shares 168,913 x 25) and I can't see where they came from either.

Notification of this issue is almost a year out of date and the ASX are allowing them to release this now !
ASX should be running it by ASIC whom in turn should be asking for a proper disclosure of full details about this so-called-unnamed-entity and the circumstances surrounding it's 'external administration' as well as how it has been taken out of administration (together with those details) and returned to Sholom to resume control of it !

It's like a total free-for-all there !

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Lol how crazy is it..

ASIC need to take action.

This is wrong on so many levels.

CGB Price at posting: 4.3¢ Sentiment: Sell Disclosure: Not Held
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Ann: Share Consolidation Update and Appendix 3Y (late notice), page-3

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