In response to your recent post, my reasons have been previously outlined in detail around corporate governance issues being the key indicators for what has occurred now especially on matters of disclosure. I haven't come across anything quite like this, which is why it is of significant interest to me as a case study.
In addition to Corp Gov, a shareholder must also consider,
1. cash has declined by $20m in one qtr, & there is a $7m shortfall in the Q2 report, which is why shareholders need access to the supporting financial notes to understand the cost allocation of the $20m cash (a dividend is of course a component of this amount),
2. no HY report to date (shareholders have not been provided a reason why the HY has not been issued),
3. no Q3 report to date (now due),
4. Company in VS,
5. Which entity controls the cash (this has been previously flagged by other shareholders)?
Why are you so positive?
Please explain your motives.
Do X64 Shareholders Believe there has been Adequate Continuous Disclosure?
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