This has gone quiet for many months now. Anyone know if QEX is still definitely operating?
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This has gone quiet for many months now. Anyone know if QEX is still definitely operating?
No one seems to have an answer ,speculation on what the outcomes will be is about all there is .
I think Ronnie has a lot of skin in the game to much & to much power for one individual in a company.
So he answers to no one ,when we can get some money back is the million dollar question and how !! Pablo
Probably the best that can be hoped for is that the 25% shareholding that Ronnie doesn’t own could be purchased either by him or others and the company taken private again. Private is where this company belongs I think as clearly Ronnie can’t work with a board. That would cost about $4m at last share price and we shareholders would get some money back and potentially invest it elsewhere where we have a better understanding of the risks. I suspect Ronnie would get an exceptionally good deal and be pleased with that unless there are a heap of skeletons in the closet.
QEX Logistics Ltd (“QEX”) – Late Annual Report Notification
1/7/2021, 8:30 am MEMO
10 Sep 21 - and still no sign of QEX / Ronnie coughing up the 2021 ANNUAL REPORT !
Probably a bit of QEX thumbing the nose at NZX going on .. but who knows ;)
It could take another year for this to be resolved. Does anybody know what powers the NZX have to force Ronnie to resolve it sooner than later? Presumably Ronnie continues to run the business and draws his salary and pays the staff and expenses. From his point of view no rush all good.
I have contacted the NZ RegCo Head of Market Conduct. They wouldn't say whether they have the power to force a resolution. They did say they have the power to force a de-list which may not be helpful for shareholders. They also mentioned without specifics that they have a couple of enforcement matters in play at the moment but would not give a time frame around these.
I recommend that any worried shareholder to contact RegCo direct on (04) 495 2878. The more shareholders RegCo hears from the better...
http://nzx-prod-s7fsd7f98s.s3-websit...286/356181.pdf
Public Censure of QEX by NZ Markets Disciplinary Tribunal
That will be an $80K Fine payable to NZX Disciplinary Fund thanks - for the look in ;)
How's the state of the Purse - Ronny - Is QEX Still alive & kicking ? ;)
Come in Ronny..
Don't fade on us - we know you're there somewhere (maybe hiding under the desk) ;)