I think you have hit the nail on the head, Despite Roblun's undying faith in Makuuta, Belfast and the VMM shares are the only assets with any value, therefore a transfer of these to VMM seems to be a plausible exit route for the Major shareholders.
Speaking of which, I wait with baited breath to see who took up the majority of this placing, IMO Directors are a scapegoat for those who are really pulling IXR's strings ?
Even Rocket-man is disillusioned, can anybody lend him an exploding rocket GIF ?
(Jake) A 249D only requires >5% of shareholders (plural) to force a call for an EGM, not a single SH
Ann: IonicRE Raises $5.5 Million in a Placement, page-90
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1.0¢ |
Change
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Mkt cap ! $53.14M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $223.7K | 20.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 10835902 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 6666286 | 4 |
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| Last trade - 12.37pm 26/06/2024 (20 minute delay) ? |
| IXR (ASX) Chart |