I the ASX should look into this. merging 1 to 100 I don’t think is even possible. Plus it seems a desperate solution, they should disclose to all shareholders what’s the current situation is in terms of CASH… No fluffy announcement of Amazon…
No major holders are topping up this only means they are closing shop… they better to try to sell what’s left to an operator.
I wonder who will pick up the dust of this failed company. The all company is now worth 300.000. I will buy at that price and turn around in 12 months with only two employees.
A young GM 120.000 plus bonuses
A sales director 100.000 plus Bonuses and 3 distributors in each state. Not 2M worth of salaries complete madness
that’s it!
3 months left of cash on the table mark my words.
There are businessman and lifestyle managers. The share price tells you everything.
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