FXR 0.00% 0.2¢ fox resources limited

Hi rodb My wife is a s/holder and recently also rec'd a package...

  1. 682 Posts.
    lightbulb Created with Sketch. 51
    Hi rodb

    My wife is a s/holder and recently also rec'd a package of out of date information
    for 2015,2016 and 2017 !
    She's just brought this to my attention.
    First a disclaimer to satisfy the HC moderators.
    "I am not a lawyer,or accountant ie treat this as coming from a non professional
    and contact your accountant"

    Right here we go-
    Whilst the coy is no longer listed you all remain s/holders in their register which
    is why you have rec'd these out of date packages.
    The coys' directors are obviously aware they have breached Coy.law by their
    prev. omissions.
    Query-I am very familiar with financial statements eg balance sheets,
    profit and loss a/c s and note nothing rec'd by s/holders in this regard !
    I note from Artemis' ASX announcements that back in 2016/2017 Artemis
    gave Fox Resources Limited 28m Artemis shares(current share price 17 cents
    but peaked at 59 cents) plus cash $300k.
    This was the consideration/part for Artemis acquiring Fox Radio Hill Pty Ltd
    from Fox Resources Limited.Fox Radio Hill Pty Ltd owned the mining
    processing plant(as you all know).
    The question now for s/holders is "what happened to the 28m Artemis shares
    and cash"-who got it-is the cupboard bare ?
    Are the current directors/Coy secretary drawing a salary ?
    What is the current value of the unlisted shares ?
    Seems there are big breaches of ASIC regulations here.
    Everyone needs to front up to the AGM on 10 August '18(check this date)
    and scream blue murder.(This has just come to my notice).
    PS-As I am personally not a s/holder it's dubious they would answer any
    hard questions I raised with them.
    Good luck to all.
 
watchlist Created with Sketch. Add FXR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.