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6.4¢ moneyme limited

Ann: Investor Presentation - FY22 Results and Capital Raise, page-38

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cryptoking

815 Posts.

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02/09/22

15:09

Post #: 63488220
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Originally posted by ruthlessvillian: ↑

The pursuit of SocietyOne has killed MME. Considering they knocked back a $3 offer from latitude, their strategy could not have been worse. Considering that management never even told shareholders about the latitude offer and we had to find out through the AFR was a kick in the guts. In light of all that has happened would their be grounds for a class action? So much wealth has been destroyed through what I consider poor decision making. And with the share price crumbling further since the trading halt where does this now leave mme in regard to debt covenants? Are the debt covenants related to market capitalisation? If so this will be a vicious cycle of cap raises to create more shares on issue to prop up the market cap. What happens next Tuesday when the instos that thought they were getting a bargain at 28% discount start cutting their losses? More questions than answers at the moment. What a shocker.

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Is that true about a $3 offer? If so, you have to argue clear ground for a class action. How could the directors at least not take that offer to shareholders?

Im literally in shock about what terrible management and board this company has, when I thought it seemed like a great investment.

MME Price at posting: 48.0¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 6.4¢		Change 0.000(0.00%)		Mkt cap ! $51.20M

Open	High	Low	Value	Volume
6.3¢	6.4¢	6.1¢	$42.81K	692.6K

Buyers (Bids)

No.	Vol.	Price($)
1	57334	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	125200	1

View Market Depth

No.	Vol.	Price($)
1	57334	0.062
1	163934	0.061
6	187453	0.060
1	600000	0.059
1	10000	0.058

Price($)	Vol.	No.
0.065	125200	1
0.068	100000	1
0.070	71281	4
0.072	156387	1
0.077	122	1

Last trade - 15.57pm 26/06/2024 (20 minute delay)

MME (ASX) Chart