Luckily I am not so interested in $, but potential NPM investors should be?
The ENEXD-NewPeak business is on the level of a Nigerian letter
1) no respectable company would make such deal with an international scammer like Tabatabaei and his company Enexd groupwith the history of "Missing Iranian oil rig" https://en.wikipedia.org/wiki/Missing_Iranian_oil_rig
and judgements of the UK and Iranian courts, see
https://hotcopper.com.au/threads/87-million-fraud-by-mr-tabatabaei-of-enexd-newpeak-s-partner.7531098/2) It would not take one minute to read Enexd webpages to realize that the company is a hoax.possibly trying fool money from developing countries.https://enexdgroup.com/
There is no names of any persons responsible for the company.The webpages list suggests that company would have mines in Zambia, Senegal and it would be major trader of various metals without any details.Google dos not give any information of those businesses
https://enexdgroup.com/service/metal-commodity/
The daughter company or even its address info does not exist in numerouscountries listed, except Dubai and UK, where Tabatabaei is bankrupted
3) It must be obvious for NewPeak directors and the consultant MMG Capital ltd understand that deal is the enexd hoax. They say in e term sheet that they don´t have due diligence about each other.It would be quite strange to do 20 million AUD deal term sheet for stock exchange release without googling the partner.
4) obvious purpose of the term sheet is to give impression of deal which does not exist to get investments for the entitlement offering.
Does ASX and ASIC really support this kind of fraudelent business?
