MAY 18.2% 3.9¢ melbana energy limited

Ann: Change of Directors Interest - A Purcell, page-22

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  1. 646 Posts.
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    I part own a software company worth hundreds of millions, bit more than Melbana. I'm a shareholder and founder. I use debt all the time to fund things using my shares as collateral. Only reason you do that is if you think your shares will out perform debt markets. Atm private debt using shares in Australia is 15-20% so I personally look at this announcement as bullish af.

    For him to even spend 1% of that on MAY is even more bullish.

    Some of you legit have no idea how the real world works. He could've dumped them if he wanted.

    Last edited by articulix: 06/10/23
 
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