Looks like the company will be liquidated after the 22nd June...

Looks like the company will be liquidated after the 22nd June when it will be delisted from the ASX.

I don't believe these guys have ever really attempted to find a reverse takeover proposition for this company, nor have they seemed to try recapitalising the company, or attempted any other real effort to keep the company going.

I believe their strategy all along was to just keep draining funds until the ASX said no more, and forced them to delist and liquidate. It's just easy money year after year for them, for doing nothing. This has been corporate behaviour at it's very worst, and has once again displayed the injustice inherent in the financial system of Australia.

I also don't believe the legal issues with the subsidiaries in Asia have taken all these years to settle. I believe shareholders have been unjustly treated, not only by the original owners and directors, but also by the current group, who are just playing this out until the 22nd of June, squeezing the last juice from the orange for themselves, all the way to the finish line.

I've calculated that at liquidation, shareholders should receive about 5 cents per share return.

Certain words come to mind regarding some of the original directors and those involved in floating and running this company back in 2015, and rogues and charlatans are not too harsh a terms IMHO.

Gw