The CFO has resigned. Maybe she didn’t like the way Ronnie was running things. The situation with this company seems to go from bad to worse.
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The CFO has resigned. Maybe she didn’t like the way Ronnie was running things. The situation with this company seems to go from bad to worse.
I guess that this trading halt cannot continue forever. Is Statutory management an option?
This is a bit different though. SCY did have a board of directors before it went into receivership and receivership is a resolution. QEX doesn’t have a board so the shares can no longer be traded. Presumably the company is still trading.So my question is what is the next step because Ronnie is not going to be able to appoint a credible board.
QEX seems to me to be in a permanent state of limbo unless the regulator takes some action
Good points -- but how will Board effectively approve Auditors (ahem) remuneration, Ronnies enhanced package
for carrying the whole can short of a bit of stock and a few more warts added on etc ? ;)
Will Reporting matters become invisible totally .. not that it wasn't already quite scant before most of the Board etc decided
to go walkies ? ;)
The auditors resigned at the same time as the board and that was followed by the CFO. So we have a public listed company which is still trading presumably with one sole director being Ronnie ,no CFO and no auditors. Has this situation ever risen before?