Australia's largest stock trading and investment forum Australia's #1 stock forum

XST

Click for more information

0.00%

0.9¢ xstate resources limited

Ann: Appointment of Joint Company Secretary, page-17

First 17 Last

Share
Profile

Follow
Android789

1,130 Posts.

57

20/04/18

12:27

Post #: 32584135
Share

Originally posted by agentm ↑

i think the bankruptcy applications may well have been put there by xstate, if the full damages payment is not satisfied then i would expect the bankruptcy applications that are there, can then be immediately acted on, any time xstate chooses. it would be completely expected to be carried out, the board have a duty to the shareholders to go full measure on the three of them, and going by the fact they have ignored the singapore judgement, and not paid, i would expect they would bankrupt them one by one whilst using the courts to examine them. which is what would have been attempted yesterday.

its been a long time in the singapore jurisdiction, and the resistance to paying the judgement amount is obviously ongoing, so xstate will have little options before them other than bankruptcy in the very near term imho.

Expand

I may have missed this in the earlier thread agentm, but is there any estimate regarding the net worth of these guys, and/or their businesses? Can we assume they can afford a settlement?

XST Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Bitcoin jumps 8% to beat record on Trump vote optimism

RLF

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 88 more messages in this thread...

First 17 Last

Add XST (ASX) to my watchlist