SAS (ASX) News &amp; Media

Originally posted by Niftyw: ↑

The more I think about it. I wonder at what date did they decide to change plans, it obviously didn't happen on the 8th, this would of taken a few weeks to go over. But then it is noticed that they wait until the day after the general meeting of accepting the oversubscribed CR to do the announcement of change of plans and directors resigning. That you would have to say was done so as not to get people asking for there money back before the CR was accepted at the general meeting.
I really want to stay positive and hope like heck there is a good motive for this and find out there is a new partner coming on board asking for these changes, directors and change of plans to global.
If they announce appointment of directors on the 18th I would feel it was already in place and then would expect an announcement on a partner shortly after.
If trading halt extended on the 18th that would be a worry.
I really wish there was a way to find out if Malone still put in his $400,000 or whether he had a way to wiggle out of it. Unfortunately he would be sworn to secretcy even after leaving the company or liable to court action.
If there is no planned partner or large bank loan then we are doomed for sure.
Geez I couldn't even imagine anyone wanting to buy the shares if that was the case.
So surely Mier would be aware of this likely backlash he was going to get for changing plans so late and letting two directors go all at once. This is what I think gives me a little more confidence that he could not be that stupid.
There must be a partner or large loan from somewhere coming.
There just must be a master plan. I hope so anyway.

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you can request the share register as a shareholder, you are entitled to it.
alternatively, you will be able to see on the appendix 3b how many shares they've issued and reconcile it yourself

given SH approval for MMs shares was received just now, and there's no appendix 3b yet, maybe he never got those shares meaning SAS never got that money...

ordinarily what happens is a director would pay money to the company but needs shareholder approval for the shares to be issued. If the shares haven't been issued that means the director either didn't pay the money originally, or the company has refunded the money.