InfoWhat information does the company have that would lead them to believe that the enforceability of the final judment may not be possible or effective?
What was the purpose of initiating any lawsuit if there was any chance that a final judgment would not be enforcible under Indonesian law?
If one of the reasons for the reverse split was to generate revenue for legal expenses relative to this lawsuit, the company must have expected any final judgment to be effective.
OR is this a stalling tactic being used by the company to avoid paying the 70% of the judgment to the shareholders as per the requirements of the reverse split?
It is time for the Company to be responsible to its' shareholders and provide them with accurate and up to date information as it becomes available.