ATC 19.8% 7.3¢ altech chemicals ltd

loss increases 35%

  1. 1,358 Posts.
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    Dec 1/2 02 loss 6.8m Dec 1/2 01 4.4m
    Wandering thriugh the Company's web site today, Mr. Mittens is STILL listed as a Director. No Press releases since July last year and on pressing Forthcoming Events, I got "error occured while processing this directive"! (doesnt sound too good)
    I was taken by the obvious joy about the marriage with FNT in the middle of last year. The Company was now "overnight a big telco player". The synergies between the highly respected card company and the China Gateway were soooo exciting.
    Now it has folded without any real explanation. The latest advice, and the behest of the ASX, simply mentions ATC is endeavouring to reclaim the deposit paid for the 77m purchase. There is a 1/4ly due at the end of this month and a set of figures this time needs to be augmented wirh a comprehensive view for shareholders as to what in the heck happened and why?Also there needs to be some advice as to how this has effected the Business Plan going forward. There has been a serious departure from the Plan and the Chairman has a responsibility to ensure shareholders are appropriately informed!
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Last trade - 16.10pm 20/01/2020 (20 minute delay) ?
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