I looked into Robert Sills, the Director who resigned which was apparently one of the forces causing the suspension, he also sits on the Board of another Company with Fiona Paterson and seems to be a man of integrity. The lengthy suspension has resulted in the requirement now of a prospectus needing to be written before capital can be raised, which gives legal protections to any future participants in that CR as they can show they satisfied their obligation to conduct their own due diligence by referring to the prospectus, and there are penalties involved for leaving details out which can be said to be misleading by omission. It was apparently an unplanned resignation because usually these Board transitions are smoother, and when one member resigns another has already been appointed so there would be no suspension. I guess a prospectus is a legal document which helps cover investors rights, so this is a good result in my opinion.
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I looked into Robert Sills, the Director who resigned which was...
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.22M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $23.66K | 168.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 19008 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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14.0¢ | 157 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 3853 | 0.130 |
2 | 19008 | 0.125 |
1 | 25000 | 0.120 |
1 | 8 | 0.115 |
1 | 6000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 157 | 1 |
0.145 | 60935 | 2 |
0.150 | 81333 | 3 |
0.155 | 43725 | 2 |
0.170 | 20284 | 1 |
Last trade - 15.58pm 16/06/2025 (20 minute delay) ? |
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