One question running through my head, probably because I actually held a stake in the parent company which purchased EMC, would be to understand this :
John Davidson Joins TNG Limited as Independent Non Executive Director 02-Feb-2017
John Davidson Resigns as Non-Executive Director of TNG Limited, Effective 7 February 2020
The 249D prompted me to read through the HC comments around the same time.
https://hotcopper.com.au/threads/emc-phoenix-scam.4924601/
Related :
Oct 26, 2016 Carnegie Wave Energy in $13m acquisition of microgrid developer Energy Made Clean
DECEMBER 13, 2016 TNG teams up with Sumitomo Electric and Energy Made Clean (Carnegie) for vanadium batteries
March 15, 2019 Collapse of WA energy company hits former AFL chairman
Wed 17 Apr 2019 Carnegie Clean Energy shareholders learn true value of EMC as creditors meet in Perth
NOVEMBER 5, 2020 TNG Ltd. has set up a new subsidiary, TNG Energy, to advance its green ambitions by making vanadium redox flow batteries for off-grid solutions
April 13 2021 TNG and V-Flow Tech have proposed a joint venture (JV) to produce vanadium redox flow battery (VRFB) systems for regional Australia.
22 Jun 2021 TNG Limited signs agreement with Malaysian green hydrogen company to develop vanadium batteries
21 July 2022 TNG signs agreement with Ultra Power Systems to explore domestic opportunities for vanadium redox flow batteries
When companies cause such pain to holders over a long period of time, there is no question this requires a reset, not a ground-hog day do-over.
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