UNS 0.00% 0.5¢ unilife corporation

Announcement, page-27

  1. TDA
    11,411 Posts.
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    The worst part here is that the "FUND" is getting 2,369,991 shares again for only 50 convertible notes, or $500,000 consideration which should have only given them 500k shares with the original agreement! So now instead of this happening they get the 2,369,991 shares which equates to them only paying 21c per UNIS share.

    WHO THE HELL SIGNED UP FOR THIS!!

    Hurry up and get the damned strategic deal done before these sharks put the sp in such a position and dilute the company register so much that any new partner starts to second guess the whole thing! From there give yourselves an uppercut for signing such a financial instrument and let those who signed off on it walk the plank.

    Don't you dare clam up Alan, you at least owe holders some sort of update as to how the review is going and where things are at, and you owe it NOW, especially as the company continues to bleed out dilutive shares at such a pace that makes one second guess how the Review is going due to these events!
 
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