NXR nemex resources limited

NXR WBT Merger, page-8

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 1,213 Posts.
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    Here's my thoughts about the current situation. We have two opposing factions.
    1. WBT
    2. Chinese investors.

    They have very different ideas about where the tech will go IF it proves successful.

    That being said, and this is my opinion only, it seems like WBT are deliberately dragging their feet when it comes to testing and positive results. Why?

    NXR (read Chinese investors) must wait until positive results before going to 51% of WBT which they can STILL legally do. Once at 51% they can easily vote to aquire the other 49% at which point the tech will disappear into the East.

    WBT and supporting entities do not want this to happen. They want the tech in the West. What better way to stymie progression than to have delayed and or negative results? No or poor results equals no further investment by NXR. So why would they hurry? Maybe the tech will be held in limbo ad infinitum so that it will never have the opportunity of going East?

    Whatever machinations are going on behind the scenes, it does not excuse the absolutely disgusting state of affairs caused by management on BOTH sides. We should never have been in this situation and it has cost the ordinary shareholder dearly. Shareholders, who invested in good faith, into a worthy cutting edge technology that has been railroaded at every turn by unscrupulous people of low caliber and ethics. Buts that's business right......? Wrong! It's a crime!

    Cheers,
 
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Currently unlisted public company.

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