VPR 0.00% 0.2¢ volt group limited

Ann: Appendix 4C - December 2018 Quarter, page-2

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  1. 8,664 Posts.
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    The CEO does not provide quarterly activity report except cash flow statements.

    The CEO also does not update us regarding the status of Wescone Writ.


    Let us revisit the 100 per cent of the Westcone acquisition deal announced on 18t Dec 2017. Total consideration of $5 million was paid to the Westcone vendor in the following forms (a) Cash $4.75 million and (b) 100 million shares of VPR at 0.0025 and (c) plus royalty to the vendor.


    As part of the acquisition deal, the founder of Westcone remains the executive director of Westcone.

    Is the former founder of Westcone still the executive director in the company?


    Hope this litigation issue would be settled outside court with win win solution for both parties

 
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