olivero v ailakis, page-2

Now that the verdict in civil court has been published on HOT Copper,I think it prudent to comment:

Why has REDSTONE (RDS) not given us this verdict in its entirety as an announcement to the market - it is obviously a pretty significant ruling .

Why has RDS not yet disclosed the deal with 1 mill.shares between Olivero and Ailakis as per corporation law..Mr.Ailakis have until 2012 never owned any shares in RDS.,but have been shown to be a beneficiary at least 2 of the trusts having over 9 mill.shares each.We are talking of lack of disclosure since 2006.
This lack of disclosure has been a trait of the company since 2006. When do ASIC take action ?

How was RDS able to raise money in 2007 on the short form prospectus without disclosing the loss of TOLLU

Why have no director taken any responsibility f. this mess.
2 out of 3 have been aware of this situation since 2009, being informed by several shareholders.
I would expect any director to resign his position in the company to show responsibility f. this situation. IMO several breaches of the law.
I would furthermore expect company secretary to follow suit. She has been aware of this situation since before listing.

I also would think,that ARGONAUT would have second thoughts
upon learning of this situation.

May I finally compliment Glenn-Archer for his last blog.Well written and easy to understand but nothing concerning management of RDS.It looks to me like management clinging to their seat f.monetary reasons.