A few things need to be straightened out before more misinformation takes root.
(1) The Supreme Court ruling absolutely confirmed a material change of control at GPR — and it didn’t happen via normal governance. It occurred through oppressive conduct, including share issues that unfairly diluted pre-existing shareholders and board stacking. That’s why the Court reversed it. You can dress it up however you like — but that is unlawful conduct in a corporate context.
(2) Rimfire had a clause in its JV agreements to terminate if there was a change of control without disclosure. GPR never disclosed it. That's a breach. Rim had every right to terminate under those terms. This isn’t complicated.
(3) Accusing Rimfire of “fraud” because funds were raised during a messy corporate dispute is a big leap — and legally unfounded. There’s been no ruling of fraud, no ASIC intervention, and no evidence Rimfire knowingly misled anyone. Raising money while a board is improperly constituted doesn’t equal criminal intent. That’s a matter between the invalidly appointed directors and those who funded them, not Rimfire.
(4) Rimfire owes nothing to backers of a board that was found to be invalidly installed. That’s just commercial reality. If those parties want to chase recovery, they can take it up with the individuals involved — not the company that terminated them.Let’s stop pretending to “warn” shareholders while pushing worst-case scenarios as inevitable. That’s not research — that’s manipulation.
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.35M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $6.121K | 306.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 42631 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 607385 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42631 | 0.019 |
2 | 249999 | 0.018 |
7 | 1414777 | 0.017 |
1 | 308000 | 0.016 |
2 | 566665 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 607385 | 4 |
0.021 | 590078 | 4 |
0.022 | 1125000 | 1 |
0.024 | 52500 | 2 |
0.025 | 450000 | 2 |
Last trade - 15.54pm 13/06/2025 (20 minute delay) ? |
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