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Somebody should have checked who the title owner of those two...

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Cosmoterios

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02/08/17

15:52

Post #: 26244756
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Originally posted by iansmith2 ↑

One dead company. I thought it surprising that total Administration costs were only $2k for the quarter. Rent alone should be more than that.

So I had a look at the company address (238 Albert Road, South Melbourne). It appears the building owner has the house, and the one next door, up for sale. Possibly the EVM lease has finished. The premises was passed in at auction last Saturday.

If you look at the real estate photos for the premises you can see signs of EVM. There is a thermal tower model on a table, and what is possibly a diagram of a solar tower above a fireplace and on a wall.

http://www.236-238albertroad-southmelbourne.com/

For the next quarter administration costs apparently go back up to $50k. Possibly because the annual ASX listing fee of about $25,000 plus GST (for suspended companies) is due by 31st July. It will be interesting to see if the company address changes.

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Somebody should have checked who the title owner of those two properties are.

I have my suspicion, but I will keep it to myself.

EVM Price at posting: 10.0¢ Sentiment: Sell Disclosure: Not Held
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