ADY 20.0% 1.2¢ admiralty resources nl.

some answers

  1. 577 Posts.
    From reading from "somewhere else", it seems that one poster over there has done some investigation. Not sure how, or how authentic it is, but according to them at least the sale part looks legit. However, regardless of that, there are still some serious questions regarding disclosure and the events leading up to it. Not to mention whether ADY was technically insolvent at the time of the sale, or if RLL was indeed the major asset.

    Apparently the sale was done to a group of investors through a business broker. The new "one dollar" company was then set up as a vehicle for the sale to take place. All this is suppsoedly standard practice. However, obviously things were afoot well before the 30th October - and indeed before Charge's registration date!

    Supposedly PT is not involved - however I doubt anyone other than him would know about it if we was, so make what you will of that comment.

    So at this point, if you believe that poster, it appears to have not been a devious plan but more of a case of complete incompetence?
 
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