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Delisted from ASX 31/08/2009

Former (or subsequent) names


Shareholder links


Company details

Address: C/- Vindico Partners, Level 3, 145 Eagle St, Brisbane 4000
Tel:  (07) 5514 4000 Fax: (07) 5580 4817

Date first listed: 16/03/2006
Company Secretary: Mr Graham Edney
Sector: Commercial Services & Supplies Industry Group: XNJ
Activities: Research and development in the three areas of water remediation and purification, aquaculture and waste water treatment
company deregistered today14/11/2012
delisted following failure to pay listing fees31/08/2009
receivers and managers are appointed to the company21/04/2009
the company is placed in liquidation20/04/2009
company provides an update19/12/2008
a meeting of creditors is to be held on 12 December to consider proposals to extend the DOCA so that the company may generate sufficient cash to meet its terms08/12/2008
454,914,287 shares are released from escrow today (there are now none left in escrow)16/03/2008
company releases its half yearly report and accounts14/03/2008
at the meeting on 29 Feb all resolutions considered were passed on a show of hands04/03/2008
company releases its chairman's address and ceo summary to shareholders29/02/2008
company lodges a number of quarterly cash flow reports including a quarterly report to 31 December 2007 which shows a cash flow deficit at operating level of $198k and a balance of cash remaining of $227k22/02/2008
company provides amendments to its Notice of Annual General Meeting which is scheduled for 29 Feb 200822/02/2008
releases half yearly accounts to 31 December 2006 and 2007 annual report31/01/2008
a $2m capital raising has closed and the company expects to be able to pay all creditors by end of 2008 - it expects to then apply for the re-quotation of its shares24/01/2008
company advises that it is poised to expand into Asia13/12/2007
a third payment has been made to creditors as scheduled - the first payment of 50% of the liability to the secured creditor has also been made14/11/2007
releases 2006 Annual Report18/10/2007
a capital raising is being undertaken to raise $2m25/09/2007
a second payment has been made to creditors as scheduled06/09/2007
payments have been made to administrators and to creditors as scheduled29/06/2007
the company advises it is busy finalising its annual report to June 2006 and expects to have it out to shareholders by July 2007 - (thats better than never but its still a year out of date) - the boards objective is to "have a close and good relationship" with ASIC and ASX and establish all statutory requirements necessary to seek re-commencement of trading (of its securities) on the ASX at the earliest possible date29/05/2007
a copy of the deed of company arrangement is released today24/04/2007
a deed of company arrangement is executed today02/04/2007
at the second meeting of creditors today, it was resolved to accept the director's proposal for a deed of company arrangement13/03/2007
the second meeting of creditors is to be held on 13 March 200707/03/2007
administrators report to Creditors05/03/2007
an information memorandum is made available to parties interested in the acquiring the company - the closing date is 24 January 2007 (by 5pm)04/01/2007
the company is advertised for sale20/12/2006
the second meeting of creditors is to be held on or prior to 12 February 200714/12/2006
the company has appointed Gerry Collins and Mathew Joiner of JCJ Partners as Voluntary Administrators - this never augurs well for shareholders - it will possibly be a month or so before anything substantive on the administration is available for shareholders20/11/2006
CEO provides a shareholder newsletter explaining why the shares are still suspended from quotation and outlining what action is being taken to get the company properly staffed and directed - he expects it will be several months before financial reports are finalised and audited, other issues attended to and the shares regain quotation on ASX27/10/2006
Barry Hollis resigns as a casual director18/10/2006
provides an update on progress with appointment of CEO, auditor, company secretary, chief financial officer and directors - no date is set for an AGM or EGM and the board can't speculate when the shares will be reinstated to quotation02/10/2006
appoints Warren Greiner as a director and CEO22/09/2006
company is now saying suspension of securities will continue until matters are finalised with ASX and ASIC - and is intending to hold an Extraordinary General Meeting on October 6 - why don't the directors just provide a detailed explanation of what is going on by way of a release to the market? - what is an EGM going to achieve beyond that?01/09/2006
advises of about 540,000 shares to be released from escrow during September 200618/08/2006
company appoints three new directors to its board19/07/2006
company now advises that it expects its shares to be requoted by 31 July 200630/06/2006
applies for the quotation of 1,071,430 fully paid ordinary shares at the end of escrow14/06/2006
applies for the quotation of 270,000 fully paid ordinary shares at the end of escrow09/06/2006
company advises that it is close to furnishing information to ASIC and now expects the shares to be requoted by 30 June 200601/06/2006
applies for the quotation of 222,858 fully paid ordinary shares at the end of escrow01/06/2006
solicitors to the company advise that the company is close to furnishing information to ASIC and expect the shares to be requoted by 31 May 200610/05/2006
company advises that Christopher Kelly has resigned as a director10/05/2006
securities suspended from quotation at the request of the company pending the release of an announcement03/05/2006

ASX Announcements (courtesy of ASX)


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    Directors' on-market share transactions (last 5)


    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    John RivettChairman02/10/2008
    Graham EdneyCEO11/12/2007

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Mark WachtelNon Exec Director19/04/200716/02/2009
    Chris KellyNon Exec Director24/01/200302/05/2006

    Date of first appointment, title may have changed.