I actually asked Phil Kelso on the 6/8 this month after going through the 5B announcement (qtly) as i noticed that they had paid out some money. Here is wha ti asked.
"In the 5B i noticed under cash flows related to investing activities we paid out 1.142M in prospects, $741,000 in equity investments. 1 what prospect"s" did we buy, and which equities did we invest in and how are they performing?"
Here is his response.
"I hope you can appreciate that in general BUY is not able to respond to all written questions from shareholders or others even if you disseminate them to others via other media.
We are required to keep all shareholders informed at the same time via the mechanism of ASX and its not possible to use you or others as a conduit." Phil.
So i guess we know where the investing went.
Keep on BUYing
harry out
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