HML 0.00% $1.99 henry morgan limited

Good to see NSX not letting it go. Really narrowing in on the...

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    Good to see NSX not letting it go. Really narrowing in on the questions that matter now.
    Latest round of questions here:
    https://www.nsx.com.au/ftp/news/021736895.PDF

    JBL: NSX! We're not thanking you for your most recent letter this time because we feel that you're being too nosey with all these questions. Seriously - what's with the inquisition? There's nothing to see here!

    NSX Question 1:
    We're still trying to wrap our heads around that spectacular increase in the valuation of JBFG. You're going to have to show us the documentation you relied upon so we can double check it. We'll also need the names of the professional advisers who agreed with you on it.
    JBL: We already showed this to you in our last response on the condition that you don't show anyone else. We don't want the general public seeing that.JBFG had a massive growth spurt during that period and that's why it's value rose. The auditor agreed with the valuation so just take our word for it, ok?

    NSX Question 2 - i: We're going to need the names of all the people involved with those trades in December 2016.
    JBL: Nope, we don't keep that information.

    NSX Question 2 - ii: We're also going to need the names of the individuals from JBL that approved those trades in December 2016.
    JBL: No one person at JBL was really responsible for approving it - we acted as a company, not on an individual basis. There's no "I" in team!
    We "suggested" that the boards of HML and BRL approve the transactions from their side. We're not going to say anything about whether our "suggestion" was acted on or not.

    NSX Question 2 - iii: We're going to need the names of the individuals who agreed upon the prices for those trades in December 2016.
    JBL: We don't keep records to that level of detail. We won't be giving you that information.

    NSX Question 2 - iv: In your last response you mentioned members of the JBFG board who interacted with board members of JBL without mention actual names. We'll be needing those names.
    JBL: Ok. Peter and Michael.

    NSX Question 2 - v: We're also going to need the names of the individuals from JBFG that approved those trades in December 2016.
    JBL: We're going to misunderstand the question and say that the entity JBFG approved the trades rather than give you names of individuals.

    NSX Question 2 - vi: We're also going to need the records of all meetings and discussions between JBL and JBFG in relation to those trades made in December 2016.
    JBL: Nope, that was 29 months ago - we won't be giving that to you.

    NSX Question 3: Let's get this one straight.
    BRL bought JBFG shares for $1 per share in July 2016.
    HML bought 300 of those JBFG shares from BRL for $167 per share in August 2016.
    You're telling us that JBFG grew a staggering 16,700% in only one month?
    JBL: It's like we said in question 1 - JBFG had a growth spurt. End of story.

    NSX Question 4: Who is the "entity associated with Stuart McAuliffe" mentioned on page 35/43 of JBL's 2017 annual report?
    JBL: Henry Avery Partners Pty Ltd

    NSX Question 5: We'll need you to give us the annual report for BRL for year end 30 June 2018.
    JBL: Nope. We don't have to prepare an annual report for BRL because its accounts are consolidated with JBL's.


 
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