Court records indicate several separate actions proceeding...

Court records indicate several separate actions proceeding against this company and some of tis directors.

The charges include fraud, deception, breach of contract and if intelligence is to be believed then there are likely criminal charges against a director if he hits Melbourne.

There is a major tax office investigation as a matter of fact against directors and investigations into companies in the Seychelles, Singapore, the UK and other offshore havens.

A large Melbourne Law firm is also in the gun for aiding and abbetting some o the directors commit some of their more unpleasant acts against shareholders, employees and others.

Otherwise a dream company, its very very chequered board is going to be its downfall.

I'd be very very cautious on this one. 52 cents today gone tomorrow. Suspension on the Horizon or liquidation of the main asset??

Wait and see.