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1.2¢ pluton resources limited

Didnt they resign because of issues relating to the last...

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h00ts

46,817 Posts.

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28/07/14

19:42

Post #: 13727312
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Originally posted by Snagger1964 ↑

Does anyone know if our new Chairman Paul D'Sylva has any links to Pattersons or our large creditors?

I'm not sure what other options we had but I'd have thought a credible board would have looked at all available options and possibly taken them to a EGM rather than the one they took.

This dilution kills existing shareholders and rewards new players - doesn't make any sense to me.

Is this why the 3 directors resigned? I know in the case of Schoer & Williams they had considerable shareholdings that are now virtually worthless.

I know Brett Clark was supposed to underwrite the $0.04 capital raise to the tune of $200k but were any shares issues to him? Have $ changed hands?

What about Pattersons, did they take up the shortfall at $0.04? Have $ changed hands?

Cheers,
Snagger

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Didnt they resign because of issues relating to the last placement ? PLV have already admitted being in breach of the ASX listing rules as highlighted by Olive Blossom and others in regard to the true financial position of the company at the time of the prospectus for the 4c issue ?

PLV Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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