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With only 20% of the share holding and Jiameng still has control...

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vph9756

59 Posts.

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04/03/19

11:58

Post #: 37642563
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Originally posted by htran7528: ↑

Jiameng & his das went behind shareholders back and put up their shareholding as collateral for a loan. somehow, they end up loosing the shares and control of the company (they now hold only 20% of the company). Iam sure they're really pissed off about loosing control of the company.

with only 20%, they still act as if they own the whole of the company like before, they don't want to share any profit with shareholders. OR, its all a big scam. There is no profit to be share.

either way, we cannot let this situation drag out for too long. The longer things get drag out, the more time Jiameng gets to scheme up alternative plan to steal from shareholders. We need to freeze the current cash in the bank. Then liquidate Jinjiang Chaoda (the china company that hold all the assets). In the mean while, XPD Australia can still be listed and trading. Only Jinjiang Chaoda need to be put into liquidation.

liquidating Jinjiang Chaoda will yield at lest 15 cent per share for shareholder.

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With only 20% of the share holding and Jiameng still has control of the company as the CEO?
Can't Ausiee shareholders all vote against him and kick him out of the company or ar least replace him with someone else?

XPD Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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