Hi Jugi, they don't have to disclose to private investors but banking is regulated and I wonder if ASIC acting on complaints could well ask NAB to open its books on if discussions took place and when NM non ability to pay surfaced. I believe they knew it was game over well before OCT 20 CL speech to the ASX . As someone said.. they got Twiggy.
It was also said a couple of times at the meeting openly they never defaulted on any payment .I asked later when they had deferred payment to NAB and he said January.. ha ha. Yeah right. Someone else knew in management who still works there for sure IMHO. I don't believe everyone should just drop the issue even if the CR gets up.
I also asked about the non underwritten fee to Euroz and Pattersons in front of everyone and was told if they don't get their 20 million they only get the 500k consultation fee.
Also interesting is one blogger said a couple of contracts had been lost due to the long wait, but these guys said 2 were just at tethers end so not sure on the facts there.
How long was Robin King in management as he painted a picture as if he had just turned up a couple of months ago not really acknowledging previous experience /time in the sinking company?
The management need to know we are watching and taking notes if this company survives.
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