Says a lot for PNG when a company holding so much of the country's/people cash is allowed to get away with non financial reporting to be delisted from POMSOX.
In reality what does it really mean ? I don't think there has been any trading in their shares for at LEAST 3 years ,you could not give them away,the poor buggers that hold shares are totally stuffed,their investment is worthless.
NAS fund and MRDC should be held accountable for wasting members funds by investing in the company, they hold virtually no assets, the aircraft are leased ,the only people making money out of this fiasco are the upper management of apng and the board members.
The board should have been sacked years ago for not looking after the shareholders interests instead of their own, but hey this is PNG one of the most corrupt countries on the planet. !
In other words...ops normal