XST 0.00% 0.9¢ xstate resources limited

Ann: Sacramento Basin Production Update, page-8

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  1. 3,052 Posts.
    lightbulb Created with Sketch. 28
    It basically comes down to 3 options now for the Sanston three;

    1) dont comply with court order
    - be made a bankrupt
    - XST claims money through bankruptcy process
    - get thrown in jail

    2) comply with the court order but make a false disclosure of assets
    - be made a bankrupt
    - XST claims money through bankruptcy process
    - create perjury
    - get thrown in jail

    3) comply with court order and make a true disclosure of assets
    - XST arranges for the assets to be sold/seized and claims money
    - the tax man and other government authorities in Singapore and Indonesia become very interested in what has been declared and what was declared to them

    The saying "stuck between a rock and a hard place" comes to mind.
    Last edited by Profit Prophet: 24/02/18
 
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