Has been suspended for over a year. Newtel had mortgaged just about the whole company. The Hong Kong financier that holds most of the shares tried to do am off-market buy at 0.09c... Only a few sold to him.
They then sold off the Bullet Supercar division and have got themselves making $, only a few, each month through their engine component division.
Looks to me like the Hong Kong gentleman, cant remember his name off the top of my head, has a few connections in China.
Should be trading again after the AGM at the end of this month. God only knows how the market will react, I think it will depend on what the big shareholder wants with his shares...
ACE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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