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SPF2020

106 Posts.

74

10/09/21

11:13

Post #: 55968275
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Originally posted by SPF2020: ↑

For all the good it will do I personally put my own compliant in on 27/05/21 to ASIC, I ran out of character for my "brief description".
I put a very similar one to the ASX too (see below).

Fraudulent company financialsissued/used and not down graded and/orcorrected when knowledge wasreasonably available to Mr LaurenceFreedman (chairman) to do so andregards to the true health of thecompanies revenue and/or paymentterms.Based on these financials and misleadinginformation about the health of thecompany which was approved by thechairman, with knowledge to the contraryunreasonably withheld from the market,Mr Laurence Freedman was able tooffload his own personal shares at anextremely inflated price to the sum ofapprox. 25mil AUD not long beforeretirement.Mr Laurence Freedman also approvedgoing to market for a capital raise afterhis own sell off, still having not correctedor made public his own knowledge of thetrue health of the company.Subsequently Mr Laurence Freedmanapproved the downgrade of thepreviously pumped up financials anddisclosed negative information as to thehealth of the company shortly after thecapital raise was complete, illegitimatelysecuring many shareholders funds thatparticipated in the capital raise and/orinvested in this company under a falsepretence and an inflated share price.Further to the above his reasoning for thedowngrade or poor health of thecompany has been laid solely at the feetof prior Chinese nationals that weredirectors at the time, despite themattempting to leave long before theseaccusations were even made but asked tostay until suitable replacements could befound, as they were critical at the time toour success in China.After almost one year of a tradingsuspension on this ASX listed companythat controls a locally developed CSIROtechnology with world wide demand andincurring unaccounted damages while insuspension, has amounted to only 2.2milof still "suspected" fraud which leaves thewriter to draw conclusions the fraud is afarce or so minimal it should have beenconcluded long ago minimising furtherdamages, which implies professionalnegligence at best.

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PET Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
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