Thanks Tufftech, its not so much that we all want to see the...

Thanks Tufftech, its not so much that we all want to see the accounts, more that there is an obligation of the company to present them.

The last Ann. mentions that the solvency issue is resolved. Therefore my concern is was OIL trading insolvent before their self imposed suspension? If so, the ASX will have to take action. My understanding is a public company cannot trade insolvent ( which could have been the case) and not inform shareholders.

Interestingly at no point has OIL offered shareholders an opportunity to partake in a capital raising. So what is going on ??? With the CFO away, heavens knows what is going on.

This is what I think will happen this week with ann. :

2 new experienced board members ( from Zeiss or MR, or connections with )
CFO Bruce resigns ( can stay on holidays, as this was the plan )
Capital injection from a major medical company
Dilution of shares, with major investors taking a large holding in return
Clauses that say major holders can take company over if milestones not meet

OR

Buyout offer of company for 2 cents a share or less( MR solutions or Ziess )
OIL says best offer, as no one else can take on the technology due to arrangements/obligations with above
Product development leaves Australia

If you see what I said about an old asx company LAKE Technology last year, it will be bye bye to yet another small innovative Aussie company