Sadly for holders it looks like this company is now going under as it has no cash, ASX are investigating it, and the plan to raise cash through its questionable practices with Everblu are now potentially thrown out the window due to ASX's increasing scrutiny.
If it does go under, then hopefully for holders there are proper investigations and actions taken against those at the company that allowed these events to take place, including the questionable transactions in relation to the loan debts that were just forgiven regarding the wearable technology transaction and the monies that were transferred overseas in relation to the Bolivian tin activity. There looks to be more to this than just the dodgy related party transactions and potential non-disclosure to the market.
VIC Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
