I was more aiming for the director’s. Ian plimer said he...

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Jwpingrid

2,614 Posts.

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17/02/24

11:21

Post #: 72458142
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Originally posted by goldenkiwi: ↑

The trouble i see with that Jw, is we don't have any money in the coffer. What's the company worth if we go into receivership, and the way i see it is the creditors get paid first, then the shareholders get whats remaining, if anything. As i stated in earlier posts, i've emailed ASIC and the ACCC and would suggest other shareholders do the same. It's a simple process if you google them on line, tell them your problems with Mr Lake and the company's non conformity in doing his job and they take it from there. It took me no more than 5 minutes of my time to email them. Most of it is ticking boxes with a short summary of the problems we are having with Mr Lake
ASIC has got back to me, but since it's an ongoing case, i can't divulge what has been said, (their rules).
Plenty happening in the background! Gltah.

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I was more aiming for the director’s. Ian plimer said he resigned due to illness but took a while to resign from other boards. Plus he was on sky news with his books he was writing a few months later. Ian was on several boards that were involved with Shellheim project. Tracey also told me he continues contact with him and in fact it’s also said in the announcement for Ian plimer resigning that Ian will continue supporting the company Niuminco with assets.

NIU Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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