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Quarterly Report Sheet - Period ended 31 March 2022 :
http://nzx-prod-s7fsd7f98s.s3-websit...250/369557.pdf
Quote:
On the regulatory front during the quarter NZ RegCo concluded their review
of certain matters raised during 2021. The outcome was that NZ RegCo
found that NTL breached multiple provisions of the NZX Listing Rules, in
relation to the 2019 capital raise and also in relation to subsequent events
in 2021. NZ RegCo determined, that given the changes to the Board since
the 2021 ASM, an educative outcome was appropriate, rather than taking
enforcement action. Accordingly NZ RegCo published a report regarding its
review, instead of referring the matter to the NZ Markets Disciplinary
Tribunal.
The Company considers this is a fair result for shareholders who had
already demonstrated their displeasure with the previous Board at the 2021
ASM.
That could be interesting :)Quote:
Late in the quarter Matthew Hill (former Director) filed a claim with the NZ
Employment Relations Authority. Mr Hill asserted in the claim that he is
entitled to various employment related entitlements and compensation,
provisionally quantified at $817,537.
NTL does not accept that Mr Hill has been an employee, continues to deny
the claims and considers them to be without foundation. Mr Hill had
specifically requested a management services contract for Asia Pacific
Capital Group Limited.(APC) As part of NTL’s defense, Mr Hill has been
asked to provide financial records for a number of entities APC and he were
involved with whilst contracting to NTL.
Quote:
These entities include a company associated with Matthew Hill that made undisclosed application to NZPAM for a tenement that NTL had relinquished.
Further action against Mr Hill has not been ruled out by the Company.
Well done - NTL Board - go after the Critter with a red hot poker .. the more
in the chase the better ;)
Really can't fault the new Board's progress to address matters very promptly either :)
" Yes I had 5 million reasons to jump on the class action wagon. Suggest steering committee be Robbo and Juno. "
What class action is this? is it directed at NTL or M Hill?
Buyers at $0.002 drying up - Jonu, start digging my friend.
He was ahead of the bell curve, was that Matt.
The Chinese are making overtures to the Pacific nations, offering to advance fishing and mining.
With Matts Vanuatu foray, he knew how to use mining to get fishing...
must be a fair pile down there somewhere to have caused such a delay in Board reporting back
or perhaps they're still checking out the shadows on where it was alleged to have been last seen ? :)
Maybe Matt's Ghost is throwing a multitude of spanners in the works deep down in the shafts ;)