At first glance, does look like everyone here getting set except average Joe & Josephine.
Sure the rights issue but .....
Directors taking shares in lieu of cash at rock bottom prices, including Peter ~ 50 million!
Too much snout, not enough sweat.
The rights issue is way too low (50% discount) & just plain greedy; sure it's better than the status quo but this line up of "sophisticated" investors ~ including David O' Neil (not Asean but the man himself!) with their cap out like the very unsophisticated Oliver Twist "for more" is not in the best interests of the company.
Let's hope they say, "please".
Anyways, it's done & greed is in pole position now so the launching pad is set & there will be truckloads of sheep scrambling to get on board & lift this off to the moon.
75,000,003 Shares (on a pre-Consolidation basis) or 5,769,231 Shares (on a
post-Consolidation basis) to Peter Proksa
This is a very good sign of what is about to unfold.
Predict this will go from a hotcop dog to darling very quickly.
Imo
AEE Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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