I'm not totally familiar with ASX rules but if a single purchaser has bought the 400,000,000+ shares there must be no need for disclosure under ASX rules because there has no been one. However, should they then accrue more than half the company one would have thought rules would come into effect in which case we would know. If it is the case that there is a single entity approaching a 50% shareholding surely it is the responsibility of the Board to report to shareholders events to date. This Board is incredibly silent and yet it spent $150,000 in the last quarter which is hardly containing costs..we are very tolerant shareholders and deserve better.
CGA Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
