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05 May 2025
| Name: | PALLANE MEDICAL LIMITED (PNM) | ||||||
| Date of Listing: | 24 January 2005 | ||||||
| Date of Delisting: | 29 August 2011 | ||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2011.Legal Status:
ACN: 102 456 048ABN: 49 102 456 048
Registration Date: 09 October 2002
Deregistration Date: 14 March 2014
Capital Gains Tax (CGT) Status:
This entity was deregistered on 14 March 2014. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| Company | FROM | TO |
|---|---|---|
| PALLANE MEDICAL LIMITED | 20/11/2009 | |
| DIA-B TECH LIMITED | 20/11/2009 |
REGISTRY:
Security Transfer Australia Pty Ltd
No longer operating
company deregistered today | 14/03/2014 |
delisted as the company did not pay to ASX Limited their annual listing fees in respect of the year ending 30 June 2012 | 29/08/2011 |
the Board wishes to make the following corrective statements in respect to the ASX Announcement of 23 February: 1. Pallane Medical Limited (Company) is not renegotiating employment contracts with members of its scientific team comprising of the following: a. Professor Sir George Alberti; b. Profession Paul Zimmet; c. Profession Mark Cooper; and d. Professor Frank Ng; (referred to herein as the Scientific Team). 2. The Board will attempt to negotiate consultancy arrangements with the Scientific Team. 3. The Company has significantly reduced its debt profile in respect to its major associated creditors who have agreed to swap their debt position for an equity position in the Company. 4. Not all associated creditors of the Company have agreed to swap their debt position for an equity position in the Company | 02/03/2011 |
the Company has recently undertaken a restructuring - all associated creditors have agreed to swap their debt position for an equity position in the Company - it is re-negotiating employment contracts with significant members of its scientific team - it is in the process of compiling a prospectus to be released to the market shortly. It is expected this document will be for the purpose of raising capital of $1.5 million at a price of $0.25 per share and it also announces a number of acquisitions and agreements | 23/02/2011 |
the Company wishes to confirm that it has received an investment pursuant to a convertible note it has issued for an amount of $400,000, and that such investment by the Noteholder is not subject to the reinstatement of the securities of the Company to official quotation. The $400,000 has been received for the use by the Company in and towards its operating costs. The deposit of the $400,000 is in addition to the funds being provided to the Company by the tax refund cheque for the 2009 Financial Year from the Australian Taxation Office of $370,899.30. In addition to the abovementioned funds, the Company will be raising an additional $600,000 by way of convertible notes in the next three (3) months | 07/12/2009 |
name changed from Dia-B Tech Limited | 20/11/2009 |
company deregistered today | 14/03/2014 |
delisted as the company did not pay to ASX Limited their annual listing fees in respect of the year ending 30 June 2012 | 29/08/2011 |
the Board wishes to make the following corrective statements in respect to the ASX Announcement of 23 February: 1. Pallane Medical Limited (Company) is not renegotiating employment contracts with members of its scientific team comprising of the following: a. Professor Sir George Alberti; b. Profession Paul Zimmet; c. Profession Mark Cooper; and d. Professor Frank Ng; (referred to herein as the Scientific Team). 2. The Board will attempt to negotiate consultancy arrangements with the Scientific Team. 3. The Company has significantly reduced its debt profile in respect to its major associated creditors who have agreed to swap their debt position for an equity position in the Company. 4. Not all associated creditors of the Company have agreed to swap their debt position for an equity position in the Company | 02/03/2011 |
the Company has recently undertaken a restructuring - all associated creditors have agreed to swap their debt position for an equity position in the Company - it is re-negotiating employment contracts with significant members of its scientific team - it is in the process of compiling a prospectus to be released to the market shortly. It is expected this document will be for the purpose of raising capital of $1.5 million at a price of $0.25 per share and it also announces a number of acquisitions and agreements | 23/02/2011 |
the Company wishes to confirm that it has received an investment pursuant to a convertible note it has issued for an amount of $400,000, and that such investment by the Noteholder is not subject to the reinstatement of the securities of the Company to official quotation. The $400,000 has been received for the use by the Company in and towards its operating costs. The deposit of the $400,000 is in addition to the funds being provided to the Company by the tax refund cheque for the 2009 Financial Year from the Australian Taxation Office of $370,899.30. In addition to the abovementioned funds, the Company will be raising an additional $600,000 by way of convertible notes in the next three (3) months | 07/12/2009 |
name changed from Dia-B Tech Limited | 20/11/2009 |
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Sure Jaydeep Biswas must be behind this somehow !!! I bet he will do the same with Astra Resources | 03/09/2015 13:52:04 |
Try hovering on the "Failed Companies" tab above and then go to the "deregistered" item.
| 30/09/2014 09:03:29 |
| Could someone please advise if there has been a formal notice to realize losses? | 24/09/2014 09:39:17 |
| Just wondering how we retrieve our funds that we put into the share market for this company | 05/01/2014 15:43:35 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Ravindran Govindan | Executive Chairman | |
| Sam Di-Giacomo | Non Exec Director, Company Secretary | |
| Peter Stafford | Director | |
| Joanna Broeders | Director |
Date of first appointment, title may have changed.
Date of first appointment, title may have changed.
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