RE: In Denial ?30 Jul 2023 11:48
Spike,
There's a question here about why did the board not earlier informe shareholders with the two court cases were lodged against the EUA,
and why no mention is made in the annual report regarding this, or what is the worst case scenario?
Well, first of all, the Logik case is settled, and it was not discussed or announced in detail, simply because it was not material to the business of the company at this point.
And with respect to the Queeld and my spare action, this relates to the reissue of shared certificates where the shareholders say they have been lost from its place.
When a company reissues a shared certificate, it is obliged to ensure that such shares are issued to the true owner.
Furthermore, to protect all the shareholders, the company and the registrar seeks an indemnity where it feels it is required.
It is not possible, obviously, for me to comment further in advance of the court case to be heard in November.
This is exact words from CS , think we have crossed wires in which case here.
But with Q&M, he very much simplifies exactly what the case is and only is.