XPD 0.00% 1.3¢ xpd soccer gear group limited

Ann: Change in substantial holding, page-57

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  1. 164 Posts.
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    Thanks Htran

    It has 2 issues with the law suit news. It basically says that XPD was acting as guarantor for a group of people borrowing 5 miles from the plaintiff (bank) and did not repay in March 2017. Now the bank wants its money from XPD and then to be repaid by the defendants.

    First, it happens in 2017 and we were not notified as shareholders
    Secondly this case needs to be resolved as the court case to start in August.

    The management has major issues in many front and should be replaced by more competent team.
 
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