So if I understand this correctly:
TOV ordered JBL to pay the $4.5M loan back to BHD, and JBL apparently complied with this order.
But then the former directors of BHD gave the money to Kings Currency Exchange (which is a related party to JBL) and took the additional measure of modifying the agreement between BHD and King's Currency to make it harder for the new directors of BHD to get the money back.
Why am I getting dejavu?
Is it because it reminds me of the time HML bought shares in JBL? When the ASX ordered HML to reverse the transaction, and HML apparently complied with the order - but then the money went straight back out the door in the form of a loan?
Unbelievable? I'd say predictable...
I hope TOV throws the book at them.
Ann: TOV: BHD Panel Receives Variation Request and Applications, page-3
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Last
22.0¢ |
Change
0.020(10.0%) |
Mkt cap ! $5.314M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 22.0¢ | $2.592K | 11.78K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 12962 | 1 |
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| Last trade - 11.39am 15/11/2024 (20 minute delay) ? |
| BHD (ASX) Chart |