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clock Created with Sketch. 16/07/15
03:39
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Originally posted by Last of the Mohicans
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I thought I'd write a thread to potential investors in this company so that everyone knows what type of company this is & how its directors behave so that others don't suffer the same financial consequences as I have in future.
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Hi Last of the Mohicans,
I thought I'd write a thread to potential investors in this company so that everyone knows what type of company this is & how its directors behave so that others don't suffer the same financial consequences as I have in future... Does anyone think this is anything other than Discrimination & daylight Robbery? If your not prepared to treat shareholders fairly in the countries you want to sell your products in, then what does that say about those in charge of this company?
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I can appreciate your frustration, but in this instance the Company remains in full compliance with the listing rules and Corporations Act in regards to its disclosure obligations and advice relating to restrictions upon eligibility to participate in the entitlement offer. Ideally, I'm sure management would love nothing more than to have the full support of every shareholder in helping to raise the necessary funds for the launch of your PeriCoach System in the US and Europe, however you will probably find that the legal and regulatory requirements in countries outside Australia and New Zealand, and the costs associated to comply with those requirements would make extending these offers to shareholders residing in foreign jurisdictions completely pointless to the exercise. We could probably argue that it is your country of residence which is discriminating against its own citizens for choosing to invest in Australian companies. As highlighted by exberliner1, if your broker is also Australian, it may be worth giving them a call to see if there are any loopholes you can work through?
Last edited by
abdm :
16/07/15
