The Unknown Soldier Posted July 21, 2012 Share Posted July 21, 2012 Half year accounts are a box to tick no more. There are likely issues with the auditors in terms of going concern as the ASX will rightly seek answers as to whether the organisation can meet its commitments given cash balances will be inadequate. So SLA is buying time and seeking a solution. I would rather they focus on finding a solution than communicating with shareholders at this stage. I mean, realistically, what do we expect them to say? We will hear from them when they find a solution. My guess is either a lowball offer (discount to the value frozen in ASX) or an SPP. Link to comment Share on other sites More sharing options...
Livas1 Posted July 21, 2012 Share Posted July 21, 2012 Couldn't agree with you more. I have no doubt the company has been exploring many types of financing options while in suspension. Link to comment Share on other sites More sharing options...
sirob Posted July 22, 2012 Share Posted July 22, 2012 So SLA is buying time and seeking a solution. I would rather they focus on finding a solution than communicating with shareholders at this stage. I mean, realistically, what do we expect them to say? We will hear from them when they find a solution. 1/ Buying time, agree but seeking a solution to what and for who/whom, we know/assumed there are many problems but they have not informed shareholders of the situation. 2/ Disagree, communication with shareholders is blatantly overdue. 3/ At a bare minimum an apology to shareholders and an update on the last announcement of some 5 months ago. 4/ At this stage it is more likely you will not. Although I respect your right to convey your opinion it is my view that the sentiment/attitude expressed in your posting that has been voiced by many shareholders in the past and has sadly contributed to the present situation. Link to comment Share on other sites More sharing options...
Tocs Posted July 22, 2012 Share Posted July 22, 2012 Although I respect your right to convey your opinion it is my view that the sentiment/attitude expressed in your posting that has been voiced by many shareholders in the past and has sadly contributed to the present situation. You really are delusional if you think the shareholders are responsible for the present situation SLA is in. Link to comment Share on other sites More sharing options...
diana Posted July 22, 2012 Share Posted July 22, 2012 Me too L1. This site has become toxic with so many very unfortunate expressions from just a few unfortunate individuals.Good on you Unknown Soldier. Nothing was ever achieved by trying to appease the unappeaseable and it is always best to concentrate limited resources focussing on solutions.R/Di Link to comment Share on other sites More sharing options...
forrestgump Posted July 22, 2012 Share Posted July 22, 2012 You really are delusional if you think the shareholders are responsible for the present situation SLA is in. I didn't read it that Sirob was saying that the shareholders are responsible for where the Company is. Surely he was saying that shareholders are responsible for the shareholders situation (ie invested in a Company that has a very very doubtful future). Link to comment Share on other sites More sharing options...
maiden Posted July 22, 2012 Share Posted July 22, 2012 Livas. It is interesting to note that of the 10 companies suspended by the ASX at the same time SLA time as all except SLA are back in trading in Admin or trying to raise capital.SLA nothing has been heard. Link to comment Share on other sites More sharing options...
plastic Posted July 23, 2012 Share Posted July 23, 2012 I wouldnt have a clue plastic. All I will say is that the two parties have previously gone to mediation without being able to acheive a settlement. I just thought someone with so much knowledge and informed opinion on this company would at least have the ability to make an informed guess. But to not have a clue...doesn't make sense. Link to comment Share on other sites More sharing options...
Livas1 Posted July 23, 2012 Share Posted July 23, 2012 I can certainly make a guess. It is not an informed one though... I dont think they will settle as I think Leo K wants this legal challenge to play out in its entirety. Link to comment Share on other sites More sharing options...
Pilko3 Posted July 23, 2012 Share Posted July 23, 2012 If the posters on here can gather 100 shareholders (or speak for 5% of shares with how ever many shareholders) then you can send the directors a notice calling an EGA (at their expense) and this has to be held within 60 days of receiving the notice. Then whatever it is that is going on (see how polite I am) will have to revealed. It is that simple! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now