CTL 0.00% 0.9¢ centennial mining limited

IMHODoes anyone know if the company can apply for another...

  1. 651 Posts.
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    IMHO


    Does anyone know if the company can apply for another extension for the AGM. One would think that it would have to be done prior to 31st January. Also what happens if company just does nothing and don't worry about an AGM are directors liable or is the company just given a fine?

    Is it grounds for delisting?


    Looks like non compliance by directors which leads to delisting is there to stop any further investment in the company, ie stops current shareholders offloading their shares to unsuspecting others who may not be aware of hopeless and maybe dishonest management.

    In other words we would be stuck with these dud shares and dud Board in a closed shop with no announcements at all and no chance of getting out.


    Maybe that is their new plan and they have decided against the $7m in con notes @ .35 cents (with 20% discount) to raise 2 billion shares as the expert report couldn't justify their plans when they were also announcing 5g/t and a profitable future. .



 
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