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Ann: Removal from Official List, page-36

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ozexplorer

14,963 Posts.

56

12/01/19

09:51

Post #: 37096513
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Originally posted by The Stig ↑

The real reason they did nothing, we may never know, but have you considered that the Chinese were playing for a tax loss?
It could be seen as they knew little and got caught out also, but $3m investment, you would have done decent due diligence wouldn't you? Something fishy IMV.
Either way, why didn't they take action?
The company is now not listed and presumably reverts to a private entity which means we holders have no further say, What happens to the holdings each has, are these now a tax write off? Or do we await liquidation proceedings to occur, but as a private entity they don't need to furnish a yearly or quarterly report, so how do we know the status? We also now don't know if the 230k actually hit the accounts, so NXR could be be insolvent already? What then happens to WBT equity 50.1% and it's patents? Maybe Scott, Shanny and Mason will buy it back without the encumbrance of the loan?

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Everything went bad while it was at testing at the University.....That is when all the dodgy activity started.....

NXR Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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