ANS 0.00% 1.7¢ austsino resources group limited

Ann: Capital Raising Update, page-10

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  1. 8,664 Posts.
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    Dear Praetor,

    Hypothetical question to you.

    If you subscribed the ANS shares at 0.013 (worth $3 million) in August 2018 (the same time that ANS entered the SDL shares subscription of $700K with SDL for the exclusive right to discuss the development of the SDL project until 31 August 2018) and subsequently after the fact, you knew that the acquisition deal between ANS and SDL had been signed between ANS/WAPRC, SDL and noteholders in September 2018 and further it had been extended by all parties to 31 March 2019, and if you do believe that this deal would be successful, why is the reason for you not to pay the shares at discounted price of 0.013 which is below the closing price at 0.017 before the trading suspension i.e., price at 0.013 means worth almost $1 million discount if the price was purchased at 0.017.. 

    Hypothetically, can you please provide the possible reasons for someone not to pay those shares at 0.013 since August 2018 although there have been couple reminders from ANS.



     

 
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