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3.7¢ olympio metals limited

Ann: CropLogic Review and Restructure, page-47

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Bails27

3,000 Posts.

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01/04/20

18:35

Post #: 43825787
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Originally posted by Carnival: ↑

The transaction, if approved by shareholders, conveniently give Atlas plus directors more than 50% of shares and control of the company.
It is a takeover IMO.

Any successive capital raise for an asset purchase will be easier to approve and crushingly dilutive to shareholders IMO.
If they go on to do something else then it won’t be for the benefit of existing shareholders ( all IMO of course)

Shareholder approval would absolve the directors of insolvent trading.
The pro forma accounts show positive net assets only if they convert loans to equity but unless the transactions are approved by shareholders they have massive net liabilities.
Even after approval, the main assets are intangible assets plus right of use assets for leased land that they don’t appear to be using.

IMO they’re attempting to get everyone’s buy in for the transaction by promising some sort of hope of a future in Agronomy, Agtech and farming management. Laughable IMO.

Nobody will be able to attend the meeting.
Shareholders probably won’t bother filling in their voting forms or have some unfounded hope of a resurgence that they think might involve them for some reason.

Not advice. Just my opinion.

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So we are stuffed either way - just as i thought.

CLI Price at posting: 3.1¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.000(0.00%)		Mkt cap ! $3.162M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.7¢	$1.191K	32.18K

Buyers (Bids)

No.	Vol.	Price($)
1	160000	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	10708	1

View Market Depth

No.	Vol.	Price($)
1	160000	0.031
1	16666	0.030
1	2000000	0.015
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.037	10708	1
0.044	135127	1
0.045	73251	3
0.047	48695	1
0.054	40000	1

Last trade - 12.48pm 29/08/2024 (20 minute delay)

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