My biggest concern is that above almost free of charge company holding, more preciously company owning situation comes from total bloodbath of existing especially retail shareholders sacrifice so called 1-for-10 consolidation and potential future 1-for 4 another consolidation. Under Australian corporation law, above business practices are allowable or not or it is legal or not need to be advised from law experts or at least ASIC inquiry, imo.
Regards,
Re Identified target conductor at Plato north, page-12
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