We are lucky that Simon Lil and other Australian Directors are actively involved with resolving the relisting issues.
If there was a way of transferring say $40m of the estimated $50m to the XPD Australian bank account. This will leave $10m to keep running the company. The $40m could be used to buy some Australian assets if it can’t be used for a dividend?
The company is still operational and making good profits. The XPD Soccer business in China is then sold to local Chinese investors.
Again the money would need to be “reinvested”overseas.
I am sure that there are creative ways of solving this.. it would mean having the support of the Chinese Directors.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held