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An unbiased examination of the performance of QBL/MCL management would, I believe, reveal that they have achieved a great deal in a very short time, and established the basis for a very successful company."
This paragraph is a complete fact free zone. Just a lot of wishful thinking.
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It has been a fair assumption since the first extension that there were several parties involved, and that possibly some of them might have been located in different jurisdictions. When you are dealing with more than one party, each time you make a change in the terms with party A, it can have a flow-on effect to party B and/or party C, and then if you change the terms with party B or C, you might then need to make another change with party A."
I don't understand that paragraph. It is incomprehensible. Or, are you trying to tell us that this will actually never end?
A will affect B and then flow to C and then back to B and that will affect C and A but what about B now ....
Well worth a Friday night chuckle though!
"
And please don't overlook the fact that it's not just the trading parties to the actual deals that are involved - the ASX is an overarching party which can over-ride changes which have been made among the trading parties, and then the whole process has to be revisited."
And if the shambolic, A+B changes C and then changes A, wasn't enough - you then throw in the ASX.
And for your information the ASX has no power to change commercial contracts. All they do is make sure that public companies comply with the listing rules.
The clinching paragraph!
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I used to work for a major international oil company, and this sort of thing is quite normal. It's how large-scale business is often done. I have no qualms about the delay in formalising this obviously complex negotiating process, and in fact the apparent complexity of it gives me greater hope that it could be a very major leap forward for QBL/MCL."
I used to work for ... yawn! What does that have to do with this company that has proven that its management cannot get it out of suspension. Another week.
That post attracted an inordinate number of likes. It just goes to show that '
confirmation bias' is running rampant tonight.
I saw one poster advising others that he wasn't going to sell his shares "now". Jeez someone should tell him that he can't sell now - QBL is suspended from trading and no one really knows why!
The announcement contained nothing more than generalisations designed to keep the 'Kool Aid' crew in a state of permanent stupefaction. And boy ... are they having some success at that - even if they can not execute a commercial deal.
Another 7 days ... I think the long suffering holders deserve much better than this crew is currently dishing up to them.
