Eagle Eye, do not be surprised to see the story of Ethan Minerals appearing in the Australian media as I know of shareholders who have contacted investigative programs on mainstream media TV channels to probe deeper into this fishy story .
One employee vindicated in the Oct 26 2011 Administrators Report to Creditors is furious at what he considers lies that have been told about him and has already sought legal advice and will be acting soon on advice from his solicitor. My understanding is Ken may have pointed the finger for things he may have done himself that have turned sour. Let the lawyers sort that one out I say.
There are "apparantly" some very damning audio tapes of one of the directors being very free and easy with share holders money in conversations with Jazzman, Kunda and Dimple. I would love this story to be unearthed on media if it is indeed true.
All I can say is when the share was suspended , I was told lies from the Ethan office about when the shares would list again, phonecalls not returned, lies about the fiancial health of the company and lies from what to expect as far as a return for my money when the resructure got up. Not a 14.5 cent share coming back as a 1 cent share on massive dilution.
Julie has a house with a caveat already on it, I hope for her sake there is nothing in ASICs findings that would make her a target for recovery of funds by furious shareholders .She had billed ETH for over $30,000 herself after the share has been suspended for "service rendered".
I can see why she sits in the office now on that sort of money for a company not doing much. Working with the VA should be on the directors own time after this mess.
Oh well, bring on the ASIC findings . I am sure the Voluntary Administrators did not mean much when they said if they were in a liquidation role they would have had more to investigate based on irregularites.
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