following for followers is update on the activities of lach drummond resources . (aka biologic, cottees , fashion intimates lol ! ! )
the company is , as we all know , currently under administration by pitcher partners (perth ) with chris munday being their point of contact. telephone 08 9322 2022.
one of the former directors is now being vigorously pursued through the court system - either the federal court or the supreme court of wa .
there is approximately $1m. in assets being sought from the director, who reportedly provided personal guarantees.
in the meantime, the company's tenements remain intact and a deed of company arrangement is in place to resurrect it .
looks like there is a chance the company will ultimately be relisted following a consolidation of the share capital.
we can only hope ( was a seed capital provider , shd have known better when the polly on the board jumped ship )
LDR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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