We havent seen the final 1 or 2 chapters yet that will no doubt...

First 9 Last

Share
Profile

Follow
Longman

1,100 Posts.

88

23/08/23

12:20

Post #: 69499891
Share

Originally posted by trkrkd ↑

If you're going to do this seriously, you need to make a timeline of every notable event that transpired under the olympic team, including all the capital raisings, the details of their remuneration (incl. options) and the insane interest rates they paid themselves for lending the company money.

A few things off the top of my head:

Failed NS deal with a guy who was basically a mate
1 million for Palmero
GEM (there were matey connections here)
GAKS deal as detailed in the AFR
Failed and highly questionable takeover of company whose board SS sat on
Frankfurt listing

I still think you should contact magicbeancounter. Looking back, a lot of the nonsense the dopey simpleton spouted was probably nonsense that was fed to him by PP. If he has proof of this, it's gold. Think of things like:

1. Directors are going to participate in the upcoming CR (turned out to be a complete fantasy)
2. Existing shareholders will be given preference in the upcoming CR (was lying in the relevant example)
3. Disclosure of obviously market sensitive information on this board (this happened several times, check his post history)

Anyway, I wish you the best in your endeavors. Class actions against directors have a lousy payout history, but the AFR stuff was so bad it might be enough to grab the attention of a decent legal team. Good luck.

Expand

We havent seen the final 1 or 2 chapters yet that will no doubt solidify their position. Will it be a direct IP/ asset acquisition by Integrated Wellness Acquisition Corp of which Schapera is the CEO and Varano the Chairman, or will it be a two step process to carve out the assets and IP to minor private companies to obfuscate that they will eventually end up with Wellness Corp? A three year scam in the making.

WFL Price at posting: 0.3¢ Sentiment: Sell Disclosure: Held
12 Upvote

1 Great analysis

Reply