What a total load of complete and utter bollocks....

1. "The board has detected some irregularities in the financial management of the company"

Yes looking back now, this is where the early warning signs should of highlighted us to their suspicious activities. IMO, this is the start of the magician's act and for their first trick, which is "this is how we make the scam disappear over the next coming year"

2. "Alleged wrongful issue of some shares " 

We all know that the Questus deal has suspicion and fraud written all over it. We have also recently learned that that the company was rumored to have issued a "few billion" new shares, to who...we don't know, will we find out ? I doubt it.....because it's all part of the illusion.

3. "Trading shares is negligible"

Who's fault is that ???  2010,2011, 2012 and beginning of 2013 "Vasseti is awesome tell the world" end of 2013, 2014 and 2015 "keep your mouth shut and quick change the f**king name of the company".  However it was not entirely negligible was it ? what about the person or persons who perhaps suddenly received a lot of shares for free and were selling them very carefully on a day to day basis........that was certainly very odd.

4. "The company has not generated any meaningful income to sustain its operations"

Ahhh......here we go !!!  Let's quietly just slip this one into no 4. The old we suddenly don't make any money ploy. Well you don't have to be Inspector Clouseau to work out this is how they close the doors on all the shareholders.

5.  "The Annual listing costs amounting to Euro 38,000"

So, If you were not convinced by the last 4 points then we will just throw in "costs of running on an exchange" for good measure. Funny how it took them almost 4 years to work that out.

My sum up bit,

We have all been scammed. IMO, this is a very weak attempt at smoke and mirrors and their sick method of burying the truth in scandals, incompetent management and bullshit !!!
The real owners ran for the hills 2013/ very early 2014 and put in place their puppet management who are now saying "you know we tried to save it but blame them" what a total load of bullshit...

If the Telco section of the company is in fact real then all the assets will have been stripped out into another holding company and they will all be getting ready to start this all over again, remember big prize money time is coming at the golf and those precious metal exchanges are not cheap to buy either.........Malaysian IPO part 2 coming to a cinema near you.....
 
Remember don't get excited, it's only my opinion ;)