"It will be interesting to see what the directors do with it."
It has 3 quarters of cash left. I'm assuming that it probably has more than that if it stops paying the ASX case legal bills, but it will still have a high spend through to end end of Q3 defending the ASIC case.
They will put it into voluntary liquidation, if they can't sell it to someone wanting a back door listing.
At which point you'll be diluted, again.
"JK will not be wanting to lose the potential earn in his shares any more than we do."
JK doesn't care.
He owns most of the foreign business, and it is paying him a nice salary. It's what we called a lifestyle company. His lifestyle, 10,000 shareholders money.
"He really has not disappointed me yet."
And exactly what have you got out of your shareholdings, so far?
Ann: SP1 delisted from ASX, page-67
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