Originally posted by KA N
Sentia, you seem to not understand how the ASX works or how a company works for that matter. Delisting a company from the stock exchange simply means it is no longer publicly listed. It also means the public cannot simply go onto the market and buy its shares.
A private investor can still deal with the company such as investing, enter into contracts and provide credit.
Assets of the company can be bought, sold and depreciated as normal.
The directors are paid set remuneration as approved by shareholders. No more unless approved by shareholders.
In relation to ASIC getting involved into the affairs of the company, unless there is a clear breach of a provision of the Corporations legislation why would they spend money and resources on a matter.
You may have some clear evidence of breach and which you should provide to ASIC and share with us here on HC, otherwise you should stop making false accusations and bagging a company out.
Looking forward to seeing your evidence.
the above is my opinion of course.
KAN ....thank you for your continued efforts to represent me as a complete company moron.
You do not need to educate me about the nature of a delisted company. I think I know enough to cover the point that it is no longer publicly listed but still exists. Yes and I know that because it is no longer a public company that ordinary folk cannot go on the market and buy shares.
Now, by jove, I believe I also know that such a company can source funds from private investors or is able to sell its assets to another company if it so choses.
So that demolishes the nature of much of your post as usual.
As for breaches I think that the announcement from the ASX clearly establishes a number of breaches unless you think that not being candid with the ASX is an acceptable business practice.
Let us see what develops later today and possibly next week.
