I understand that at this time, ausbase has not been approved by shareholders.
The meeting to vote on the motions of change of company name, direction etc. was cancelled at the request of major shareholders.
There are other projects available to the company some already submitted and some being finalised to submit.
The most important things for shareholders to consider are:
1. Income producing.
2. Profitable.
3. Expansion at little or no cost.
4. Dilution of existing shareholders.
The current and previous board have shown that they do not understand how to run a profitable company nor have they been open with disclosure to shareholders nor the market.
The company has never disclosed where the 100,000,000 shares from Mconnect ever went!
IMO DYOR
MOT Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
