Shareholders Action Group announcement:, page-8

  1. 1,381 Posts.
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    A little disappoint Aptayl, you are usually a good read. Everyone can have their own opinion about this however we aren’t taking about running an actual ASX listed company, we are talking about the closure of a shell company…

    1) offloading Morila: currently the buyer is using own due diligence and the transaction is being assessed by an outside contractor / Consultant… (why are we spending the capital for nominal value? Still hasn’t been explained why that’s happening)

    2) sale of the LLL holdings / company is being completed by a contractor aka Treadstone. (Why is this actually being run again? Time for liquidity was over 6 months ago)

    3) should deal 2 not materialize, returning of shares and closure of the company would be completed by a contractors / consultants.

    all 3 steps would involve outsider involvement regardless of who is at the helm… The current directors and their vast experience got us into this position… so glad we they were there to get us out of the mess!
    Last edited by Karl89: 29/07/23
 
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