I complained early to ASIC in March about ETH and how it was broke with no warning. Millions raised in capital raising just a few months before had just disappeared off the radar . They got back to me and said there was no evidence of wrong doing at that stage. That was pre Voluntary Administration. I complained again DEC citing several passages from the Report to Creditors Oct 26 availiable on the Lawlers Partners Website.. *Large cash use..(what no receipts ??????????????) *Poor records...bloody poor records *Poor strategic management *Computer hard drives wiped for expense details *Money in Allegra not handed back to ETH and no word..
also *Ken now in Zambia and has shares in opposing company that is arguing in court with ETH.... and thats miles from being the full story .. read the report people. Guess what Ken.... got a totally different letter back from ASIC today .. !! a lot more promising regarding answers for the shareholders. I know you read this blog Ken and can't wait for you to have your day, every dog has his day right.. which I am sure will end up in court going by how the company was run. Will be happy to discuss your $110,000 bill to ETH Feb - Jun 2011 at the shareholders meeting. Its hard to see how you are worth a fraction of that for what happened to this company with you at the helm.
ETH Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held