Dear Grace
Wake up, please. Do not try to give "false' hope by pretending that you know a lot about this company. The management can not reveal sensitive/material information to individual investor like you without going through announcement via the ASX.
Fact: This sophisticated promised to subscribe for the ANS shares at discounted price at 0.013 for the amount of $3 million and promised to pay within 14 days in August 2018 while at the same announcement, the ANS management signed a MOU to have an exclusive right to discuss the iron ore project with SDL and again in the same announcement, the ANS management suggested to allocate the money to be raised for $3 million from this sophisticated investor for working capital and expenditure related to the iron ore project with SDL.
Now, it is not matter whether ANS has adequate money in the bank or not. This is not an issue at all. The fundamental question, why this sophisticated investor from China has not paid for the shares subscription which was due more than 6 months ago after knowing the fact that there is an acquisition agreement that ANS will take major ownership of SDL. Why Why Why?
If the deal is so good, why does this investor abandon his shares subscription equivalent to $3 million which was priced at a discounted price at 0.013 which is far cheaper than the closing price at 0.017 before the trading suspension????????????????????
It is the time for to apologize to genuine posters who have pointed out the facts including Tolate.
