QEX - QEX Logistics

[ralph]

+
Obviously I could see you where just taking taking the Michael Winding up the thread with no meaningful input and probably should of ignored you, but I thought hey what the hell if you is goona take the piss so will I that bit coin eh



W T F

[whatsup]

So sad for the directors to have resigned en
mass, I would have thought that they once they realised the situation that they would have acted responsibility and stayed on board to correct the situation that they found themselves in - there was no one else who could have rectified the situation.
Call in the FMA was one of their options that were available imo but with their resignation no one had any control over events, I hope that the FMA takes a look at their actions after all were they not paid directors fees to guide the company on share holders behalf ?

[Wiremu]

Unfortunately, we don't know what action the directors took before or after, such as a call to the FMA, but one thing is for certain, with their legal exposure in staying as a director past a certain point they would have no alternative other than to resign. There is only one person who could assist in fixing the problem, but if that person is the problem, and if that person holds 70% of the voting shares, the directors have no realistic choice.

[Brain]

I bet that Ronnie is laughing into his noodle soup. So far he seems to be untouchable.

[ralph]

Unfortunately, we don't know what action the directors took before or after, such as a call to the FMA, but one thing is for certain, with their legal exposure in staying as a director past a certain point they would have no alternative other than to resign. There is only one person who could assist in fixing the problem, but if that person is the problem, and if that person holds 70% of the voting shares, the directors have no realistic choice.

Ronnie could be laughing, yet he has an awful lot to lose if the fma Investigate ,the whole debacle is geared to helping everyone except the the shareholders the directors have a get out clause and get paid ,nzx have a get out clause and get paid fine money handsomely for nothing, not helped anyone except themselves .
That fine money should have gone to the FMA to pursue an outcome .
AS Ronnie owns a majority it should have been left trading on the nzx and got hammered the noodle soup wouldn't taste so good then .

[Brain]

It seems that Ronnie has not filed the annual return for QEX at the companies office

“This company is now overdue in its obligation to file an annual return. If the annual return is not filed immediately the Registrar will initiate action to remove the company from the register.”

[whatsup]

It seems that Ronnie has not filed the annual return for QEX at the companies office

“This company is now overdue in its obligation to file an annual return. If the annual return is not filed immediately the Registrar will initiate action to remove the company from the register.”

Thanks Brian.

[Sideshow Bob]

It seems that Ronnie has not filed the annual return for QEX at the companies office

“This company is now overdue in its obligation to file an annual return. If the annual return is not filed immediately the Registrar will initiate action to remove the company from the register.”

None of which helps minority shareholders.

[ralph]

None of which helps minority shareholders.

And with nothing to hinder/take action against him he is operating with Impunity by the looks of things with complete disregard ,this is just silly that he can carry on like this

[Dassets]

It is up to shareholders to take action under civil proceedings if there is a cause of action available. Start spending legals. That is what a court system if for. The NZX framework has been exhausted which is why you move to the next step eg ATM