Hmm ...
Have a read - guess what it appears it appears that they rode the '
phosphate bandwagon as well'. (Queensland Phosphate Limited (QPL)).
http://aucc.sirsidynix.net.au//Judgments/VSCA/2017/A0269.pdf
http://aucc.sirsidynix.net.au//Judgments/VSCA/2017/A0269.pdf
Interesting para from the above court record. I can not find any notes relating to that issue on QBL ASX announcements on or around that date.
15 "
On 24 April 2017, an application made by the applicants (filed 12 April 2017) to vary the undertakings previously given by the Feldmans was heard by Randall AsJ. The variation sought was to enable the Feldmans, as directors of Paradise, to obtain a secured loan of $1 million from Queensland Bauxite Ltd (another company associated with them) for the purpose of funding legal and other expenses of Paradise. The application was refused."
http://aucc.sirsidynix.net.au//Judgments/VSCA/2017/A0269.pdf
This goes, in some part, back to my original points - why do the QBL directors not pursue the Volcan loan ($1.2 Million)?
And why is QBL a potential provider of funds to entities related to QBL directors? This was contained in an application made to the Supreme Court of Victoria - Court of Appeal on 24 April 2017. Why would QBL directors consider funding the legal and other expenses of Paradise?
An announcement today? Who knows - the fact that it is not somewhat predictable or known is a significant matter.
