VCR ventracor limited

As we said repeatedly, if we take united action we may succeed....

  1. 616 Posts.
    As we said repeatedly, if we take united action we may succeed. Divided, we will fail.

    I confirm that Abu posted the mail we sent to the group of shareholders who have communicated to us. That 5% signatures were raised in a three day blitz to get the EGM route started.

    As I repeatedly mentioned, please leave out any names from the discussions to ensure individuals privacy.

    Forward actions.

    1. Band together and send the same "financial plan" to the administrators and demand the money from the subsidiaries to be transferred to the main company that is Ventracor Pty. Ltd.
    2. Carry out a court case to bring a stop order for the legalise fraud being committed on the shareholders.
    3. Send a petition/letter to the ASIC/ASX and every member of the parliament and senate, Prime ministers office and opposition leaders office.
    4. Send a letter to the Australian and other media. Contact TV shows to see if they can air the corporate fraud being committed.

    These would have to be organised in the very short time possible.

    Let us all stand united. Show the shareholder power. Need to contribute time and legal expenses. We need volunteers in numbers and actions to be carried out.

    Those willing to support please contact [email protected]

    First one should be to file a suit in the court to get a stay order to stop immediately the current fraudulent sale from going ahead and order administrator to immediately issue an SPP. Should not cost too much. Already one of the group in communication with us indicated he will be able to foot the initial bill of A$2000 required to bring about the class action. But this suit is slightly different from the class action. It should start with the court stay order on the fraudulent sale actions being carried out.

    Second is to talk to each of the employees or their group representative and try to enlist their support for the demand to the administrator to start the SPP immediately. As the biggest creditors and first up in the feed chain they can make demands that we cannot.

    SPP can take three weeks to organise and close.

    Three there is an idea that we band together and make a counter offer. We will agree to this personally only if there is a possibility that we bring all the shareholders together out of the VA. Let us not be the vultures while condemning the vultures out there.

    Form a company as a vehicle that will have membership from us and be the corner stone stakeholder and inform the Administrator of our offer of A$10million plus one dollar. I am personally willing to contribute A$100,000 for this. Somebody needs to put together a company in the next one day to initiate this action.

    Again a lot of voluntary time is needed. Need to talk privately. So please contact [email protected] to get the ball rolling.
 
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