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1.1¢ wolf petroleum ltd

Yup....in my view @Desert Falcon, that pretty much sums it...

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gottalove

19,172 Posts.

1837

06/05/21

11:25

Post #: 52979642
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Originally posted by Desert Falcon: ↑

I still don't get this. The public buy and hold stock in WOF, becoming part of the Wolfpack. Then one day the Chinese take the company over, de-list from the ASX, close everything down in Australia, ignore all emails and letters and head back to China with all the assets.

The wolfpack is left to whistle for any compensation for their outstanding shares, which they hold but can't trade and which have effectively become worthless.

Have I missed something? Because if not, EVERY ASX investor should be aware that this kind of thing could happen again, and to them. And as far as the ASX / ASIC are concerned this is all ok? Permissable? Really?

Have I oversimplified this topline summary of events? Have I missed crucial facts? Because if not, this really does stink. No protection for investors?

DF/

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Yup....in my view @Desert Falcon, that pretty much sums it up.

One thing I've wondered, is whether or not there was some way of keeping an eye on those Mongolian leases we own (well...I assume we still own them), to see whether there is any activity happening on them.

If there is, who the hell is it.....and why aren't we included?

Last edited by gottalove: 06/05/21

WOF Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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