Pacific Continental Holdings is an entity contrled by an...

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Challenger3153

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20/12/18

22:15

Post #: 36926935
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Originally posted by Scarpa ↑

Originally posted by Challenger3153
Probably best to accept the BOD were hamstrung by their own failures and mistakes made. They couldn't answer the ASX candidly regarding what was requested without leaving themselves open to litigation from shareholders and possible criminal charges by ASIC.

They may have been advised by those involved to call the ASX bluff and see what happens.

If it gets delisted by the ASX then quickly moves into voluntary administration, the BOD may get out of being put under the spotlight any further, particularly if there's been other questionable deals that directors have done on the past they may then remain concealed from shareholders and the ASX.
Pacific Continental Resources got a 15.44% stake here back in Sept - do not advertise external links.au/...r-in-pacific-continental-holdings-204579.html. If they are not a related party might be the saving grace here that they might move to get rid of the BOD by calling a meeting of shareholders (since they have more than a 5% stake) to allow relisting or maintain listing (or they letit play out and talk to the administrator as time goes by and get this on the real cheap, assuming there is value in the Patterson tenements for example). The unknown here, assuming HDY has not responded to the ASX, is what they do. All IMO

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Pacific Continental Holdings is an entity contrled by an employee of Everblue Jordan Shamir.

HDY Price at posting: 0.4¢ Sentiment: Sell Disclosure: Not Held
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Pacific Continental Holdings is an entity contrled by an...

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