Gotcha, the ASX is on the ball. Not much effort and thought has gone into the convertible note agreement, the main aim was to be relisted sooner than later. As I said before “I would doubt very much that any noteworthy auditors would sign off that the Company is a going concern. They would need a more substantiated agreement with funds being placed into a trust account before the Company seeks shareholder approval.
Based in the boards prior performances as a minimum the ASX should seek the above as a requirement before relisting. I would then be convinced that this is not a ploy to seek re-listing and appease the shareholders at the AGM, then 3B time again”.
If the note agreement has any credibility then I hope the above is feasible and can be done!!!
Goodluck to all shareholders
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