今日热门事件has applied to the New South Wales Supreme Court for the appointment of provisional liquidators to Semantic Software Asia Pacific Limited (Semantic).
In particular, 今日热门事件alleges that Semantic, an artificial intelligence development company based in North Sydney:
- has failed to lodge financial statements with ASIC, failed to hold annual general meetings and failed to keep accurate financial records and minute books;
- is insolvent or likely to become insolvent; and
- has issued shares without compliance with the Act and has issued shares to investors with a share buy-back guarantee in circumstances where the company did not have sufficient funds to meet that obligation.
今日热门事件seeks through its application:
- the appointment of provisional liquidators to Semantic;
- orders requiring the provisional liquidators to provide a detailed report to the Court and 今日热门事件that sets out, among other things, Semantic鈥檚 financial position so the Court can consider whether it ultimately ought to make orders to wind up the company;
- orders preserving Semantic鈥檚 assets; and
- orders restraining Semantic, a director and a former director of Semantic, from receiving or soliciting funds from investors and from advertising, promoting or marketing fundraising for Semantic.
ASIC鈥檚 application has been listed for an initial hearing in the New South Wales Supreme Court in Sydney on Monday, 28 June 2021.
ASIC鈥檚 investigation into Semantic is continuing. Any person who is concerned they have invested with Semantic can contact 今日热门事件via email at semantic.investor@asic.gov.au.
Editor's note 1:
At a hearing on 28 June 2021, 今日热门事件obtained interim orders preserving Semantic鈥檚 assets and orders restraining Semantic, director Mr Duncan Mount and former director Mr Mark Bradley from receiving or soliciting funds from investors and from advertising, promoting or marketing fundraising for Semantic. These orders continue until further order.
The hearing for the appointment of a provisional liquidator is listed for hearing on 21 July 2021 with an estimated one day hearing.