Management and the Board of both AN1 and its ‘parent’ in virtual...

Management and the Board of both AN1 and its ‘parent’ in virtual control that is HNG have been asked for months, without response, to explain what’s going on at AN1 with its apparent financial crisis reflected in the collapse in the AN1 share price whilst under the stewardship of HNG.

ASIC should investigate culpability for trading whilst insolvent and the directors fully held to account.

Yet HNG was committed to turning AN1 around to profitability. Its announcement yesterday of the trading halt to “restructure” AN1 is likely to completely strip any final prospect of value recovery to AN1 shareholders sacrificed in a deal with yet another third party portrayed to be a financing White Knight conceived and crafted under another one of their obsessive M&A throws of the dice leaving nothing for diluted to nothing shareholders.

Watch if the so called restructure shreds AN1 Shareholders and without adequate explanation silently shifts our Midkine royalty rights and any other remaining value to the friendly White Knight.

All in plain sight with impunity: Pea and thimble?