I hope so but I highly doubt.... there are a number of questions the company has to answer in any case.
1) where all the money is gone?
2) did anyone involved within the company knew and short the stock?
3) All operations shutted down and the offices were closing. Did the directors informed properly the shareholders of the difficult conditions the company was in?
4) why directors kept healthy salary when the company wasn't performing?Did the director comply with their duties? It is a public company, not a start up.
5) were the shareholders properly informed by the current financial situation? Or the company was a kind of "Ponzi scheme".
6) Were the directors based in overseas office comply within the Asx rules and Australian regulations?
7) Are all the company emails stored properly in the situation an inspection from ASIC asking for an explanation.
8) Who is left in the company and he is responsible for informing shareholders.
I'm not accusing anyone but these are questions that minor shareholders should ask? Or we just wait that to hear news by hotcopper?
How many shareholders are here in the forum?
Anyway let's hope that this is Lynas corp n2
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I hope so but I highly doubt.... there are a number of questions...
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