Shareholders aren't creditors.What does it matter where any...

First 1550 Last

Share
Profile

Follow
jwhiteman

2,366 Posts.

53

12/05/20

13:54

Post #: 44574403
Share

Originally posted by MoneyBags1348: ↑

Thanks Lilac

Terrible news today, we could have raised this amount ourselves, and as a result, with around 550 Million shares in the Company it’s not hard to work out a rough amount of what you will receive.

As I still own shares in LNGL, I consider myself a ‘creditor’ so not sure why I and all the other ‘creditors’ weren’t involved in approving this transaction?!

I think it would be pertinent for all shareholders to contact ASIC immediately (before the target date this Friday 15/05/2020).

As Lilac showed, the Technology Rights were transferred to the US on 21/01/2020. This was done without shareholders being informed.

View attachment 2159743

This seems to have been set-up very quickly. My own personal opinion is that it may have been pre-planned and I will be sharing my reasons for this opinion with ASIC.

Once again, I feel it would be extremely important for shareholders to inform ASIC that we were not notified when the transferring of technology rights took place. There is certainly a case for answering this lack of disclosure and openness in regard to shareholders.

LNGL’s Details are: Liquefied Natural Gas Ltd (ASX: LNG) ACN 101 676 779

John Searle / Luke Jacobs / Giles Emery
ASIC Analyst, Misconduct & Breach Reporting
[email protected] - Ref: CAS-09763-C6B8Z5
[email protected] - Ref: CAS-46319-M7K4T4
[email protected] - Ref: CAS-24203-H5M7G7

Expand

Shareholders aren't creditors.

What does it matter where any rights are? They're gone.

LNG Price at posting: 4.3¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

RML

Resolution Minerals charges further into antimony space with Horse Heaven acquisition

Almonty Industries – Now it is getting critical!

First 1550 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Shareholders aren't creditors.What does it matter where any...

Top Stories

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Many are concerned about global falling birthrates. This diverse stock has solutions

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Resolution Minerals charges further into antimony space with Horse Heaven acquisition

Almonty Industries – Now it is getting critical!

Featured News