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13,561 Posts.
2
22/04/09
10:20
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they have restricted their offer to people with less than 10,000 shares
Bolton has about 20% of the company
his next step will be to wind up the company
But a lot has happened since then
first up mac claimed that the business was insolvent some weeks ago
the court ruled that it wasn't
Now what happens if it is proven that the company was infact insolvent from the start.
also bolton has stiffed a lot of shareholders to line his own pocket ie by selling the voting rights
no sympathy from them I'd say
bolton has also stepped on rowe's toes- he is a director of the ASX too
interesting times ahead
the legal battles have probably only just begun
bolton is probably running scared I'd say. Give him what he deserves
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