The board is currently investigating the transfer of approximately $200,000 from its bank account immediately prior to the resignation of Messrs Checketts, Parks and Skrzeczynski. The board understands that a portion of this transfer was paid to Mr Checketts. To date, despite requests and due to the holiday period, this information has not been provided in a format that can be included in item 1.23 of the Companys Appendix 5B for the quarter ending 31 December 2010.
TGX Price at posting:
8.0¢ Sentiment: Buy Disclosure: Not Held