IIn the past, many investors have been burnt due to their investment in ANS and SDL.
ANS: former name of ANS was Padbury mining limited and funding case.
SDL: Hanlong case
Rational thinker will challenge who is WAPRC. There is a huge information gap regarding WAPRC. This is the issue and main concern raised by the ASX and ASIC.
Due to huge information gap on WAPRC, ANS should keep updating investors in regard to the progress of the deals e.g.
1. whether WAPRC has lodged the application for overseas investment to Shanghai office?
2. How WAPRC will come out with $100 million?
3.Has WAPRC put $100 million in escrow bank account in China?
4. Has ANS/WAPRC apply for FIRB approval?
5. When the special shareholders meeting of ANS and SDL will occur.
6. Have ANS/WAPRC and SDL gone to Cameroon? Are they still in negotiation with Cameroon Government regarding the extension of Mbalam convention?
This has been more than one month since the signed deals, and there is no sign of progress of the deals except small initial payment for the subscription of SDL shares.
As a shareholder of SDL, we have the right to know the credibility of the acquirer.
When investors asked the above questions, how could you accuse them as irrational persons? Are you rational or irrational investor?
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