AHL 2.16% 71.0¢ adrad holdings limited

intermoco rescue package..., page-46

  1. 4,503 Posts.
    lightbulb Created with Sketch. 174
    So you want everyone to do the research - Its easy just do an ASIC search and you will find out who is linked with whom. What will happen will happen its not now that you will see what will unfold but in about 18 months or upon re-listing the events will become much clearer.

    As to what will be paid for the assets that is anyone's guess. What we do know is that this company was funded by shareholders to the tune of over $130 million and that an ex director and the company are /were in dispute over a business that seems to have just disappeared. What we also know is that at least two shareholders were in fact gifted shares for performance - in hindsight - what performance - at least it did not cost the company real money!

    Whether anyone wants to take this further who knows - ASIC complaints have been lodged per comments on this forum and I am sure they will also wait for things to play out before investigating.

    What must be said is that I presume no-one believes that the $130 million was well spent.

    So why would someone new to HC start posting on only one stock INT after it has gone into administration.

    You cannot sell and unless you have a few million you could not recap and keep other shareholders involved.

    I think the fat lady has already left the stage , but I for one will be keeping a very watchful eye on events as they unfold.
 
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