The wily Albers does it again. " Octanex N.L. (ASX code: OXX) (Company) advises it has on issue 74,278,910 partly paid shares (ASX code: OXXCB) on which 15 cents has been paid by way of application money (5 cents) and a call (10 cents), with a further 10 cents subject to the call procedure. The Directors advise that, pursuant to the Company’s Constitution and with respect to the partly paid shares, they have resolved that no call will be made before 31 March 2014 on account of the unpaid amount of 10 cents per share. The date and amounts of any call or calls that may be made thereafter will be made in accordance with the Constitution, the Corporations Act 2001 and the ASX Listing Rules, as applicable from time to time. The Directors have reached this decision as they consider making a call payable any earlier would not be in the best interests of the Company or its shareholders."
OXX Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held