Pretty sure 25% of ownership need to be behind it, whether that’s doable and who and how it would be organised are tricky points but for those that have been holding for so long and on a 80-90% loss I can understand some explanations should be forthcoming. I couldn’t see anywhere that management have clarified where the cash holding is being used apart from the $125k interest received so imo that on its own is not a very transparent approach to shareholders. Corporate governance question maybe and the ASX is like a circus anyway so unless it’s pointed out by a complainant it won’t be noticed and even then maybe nothing is done anyway,toothless as they say.
RDN Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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