Only preliminary in nature the report, with further detailed investigations to come. But deary me some absolutely scathing findings by the liquidator to date, of particular note are some suggestions by the liquidator of various breaches of Corporations Act, of which directors personally liable. The report also finds that incorrect statements to the ASX were made, primarily regarding financing. Insolvent trading also appears likely.
Liquidation and investigations will be ongoing for next 1-2 yrs.
Sit back, relax, and enjoy the show fellas.
- Forums
- ASX - By Stock
- Liquidator's Report
Only preliminary in nature the report, with further detailed...
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online