It seems to me that the managements are nuts, paid institution 5% to underwrite the cheap share costing shareholders at least 450 k for stuffed all. In addition sold over100 million cheap shares to dilute us all.
Why would any institution want to farm in if they could buy cheaper share and can even sell straight away for at least 25% profit now.
They have been talking about farm in and join venture for two years now, where is the outcome?
The sooner we have new managements I think the better. I hope their time are up before they stuff us up again!
The small shareholders do not have any protection from the ASX EITHER.
The shorters can trade share at eg 12.3 cents etc but we have to at 12.5.
They can buy and sell just one share! It's ridiculous! And when the share price went down no questions asked, but when it went up the ASX wanted the explanation and the reason! I thought they supposed to be fair and look after everyone but it did not seem to be the case.
The whole things are sucked!
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