On 1st January, 2018, Parentsgold Ltd, a new and promising company had its prospectus published and on 3rd January 2018, Frank Larry sent an application for GH100,000 worth of shares in Parentsgold Ltd. On the same 3rd January, Abena Manu submitted an application for GH50,000 worth of shares but on 8th January, 2018, she sent a mail revoking her application. Both applicants remitted the requisite application moneys on the day of their application. Due to lack of a quorum, the Board of Directors of Parentsgold Ltd could not meet to consider the applications and allot shares until 15th September, 2018. Frank Larry was informed on 16th September, 2018 that his application had been accepted and that GH100,000 worth shares had been duly allotted to him but he wrote back refusing the allotment.

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