Originally posted by carnabombers
ASIC are currently investigating the company, and Phua is "known to them". I sent ASIC my table re the allocation of coins and $ re the Soar Labs settlement - where Phua got two thirds of the distribution. To me, most of his allocation should have gone back into the company which would take pressure off the Balance Sheet. Having said that, none of us are privy to the original contract but ASIC can demand to see that. Now before those that call me a whinger and trying to be a hero - I am neither. All I am trying to do is get more money into the company so the Balance Sheet improves - which is more than those who think management are prudent are doing!
Oh and after trying to speak to someone at the company, I finally spoke to their receptionist today. Jason is overseas and I am guessing the others are too. Wonder if they are using afterpay for their expenses lol
Good to see the proactivity around the coin distribution.
Just remember though that the management that we have are the ones that have to sort out the problems for the business. We might not be happy about a lot of what has occurred over the last 12 months, but at the end of the day the ball is in their court not ours.
Probably an odd thing to say, but it is good to hear that there is a receptionist, would be more worried if there wasn't. They have also paid their listing fee (albeit late), so hopefully this is a signal of their intent to see things through..