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21:22
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Originally posted by Tekvest:
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There will be a resolution put to shareholders to delist the company from the ASX, for reasons as yet unknown. However, the company is entering into a quasi financing arrangement with 2 large shareholders who are providing $5 mil each over 12 months, with certain conditions attached, to keep the company afloat (requiring a vote by shareholders). The company has said that if the financing arrangement is voted down, then it will be bankrupted for several reasons.
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That's exactly what happened to the last lot of shares which so happened to be an isreali based company. Seems to be the done thing amongst yids never do business with them
