Was the principle reason that The Company was placed into Administration due to failure to pay listing fees ? And was there sufficient capital in The Company to cover these listing fees at the time it was placed into administration and if so why would The Chairman make a decision to place The Company into administration on the basis that it had adequate capital to cover these fees and avoid delisting ? And of particular interest in relation to The botched Glacier deal was Gulf required to deposit a significant sum as down payment and who was this money allocated and were the UK or Australian representatives of Glacier direct recipients of this payment ? Was adequate due diligence conducted and the deal thoroughly examined before money was exchanged between both Gulf and Glacier and should the Board have engaged someone to conduct a proper and thorough due diligence process ?
GMC Price at posting:
0.6¢ Sentiment: None Disclosure: Held
