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25/08/17
14:42
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Originally posted by AllFuelledUp
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No worries. With the IE, no, I have had to be involved in a few over the last 25 years. I've never seen one come back in under 30 days. Well...rarely. Its June 30 time of year this will probably take a bit of time to get them both.
Could it have been resolved? Well I invest in a few companies and there's a few right now who if HML has been suspended then they should be too. The answer will be retrospective. If the IER is above 75% (it is going to be conservative because it has to be conservative as far as the writer will be concerned) then fine. Share price falls what it does and recovers what it does. The proof of the pudding as I alluded to will be the transition of JBL to ASX. Will it be at price and will it be quick? It looks like they don't have to raise as much into JBL as I previously thought. In this markt raising $20m to $30m into $200m will be a walk in the park, it just comes down to price. As for the sum of the parts the add ons like Buzz are bigger and bigger. I don't know why JBL needed to advise the market it did a $1m Conv Loan that is not material for a $50m company so I'm thinking that suggests they've shown us all the sub business units inside JBL BRL.
I'm a bit disappointed I can't get an answer on this question- the take to NSX. I might take it to the IPO page and ask there. If that IPO works well then we can turn and wag our fingers at ASIC for this and ask why they wasted out time. If not then maybe they had a point. Whatever that is. It looks like its voluntary, it would appear that the company want to complete the acquisitions and valuation first. My observation is that they could have appointed the new board members and the IERs much sooner. But I don't know any facts I hear from a friend of a friend of a friend so its stabbing in the dark
I have absolutely no idea what the Birdzzzz thing is about. It looks like they've just invested $1m with the company. Although I'm sure 10 foot is doing the ASIC investigation as we speak and will confirm Stu is the director and largest shareholder of Birdzz. And yes, I am sure there will be a minute and board approval for the loan 10 foot so no need to run off to ASIC again 10Foot
I'd really like to know how HML and BHG are are trading. The S&P500 is going gangbusters as he said it would 2 years ago and not stop. At the time he said the ASX could even go to 20,000. Please give us some market updates Cap'n
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Thank you for the time and trouble to explain that, it does somewhat settle my angst a bit. Like you I'm keen to see where we open at - when that happens so might put this out of my mind for a bit longer and see how it pans out. Will keep watching for your experienced opinions, much appreciated.