Who told you that it is a couple of escrow shareholders that are dumping????, they were probably seed investors and therefore are probably still making a profit, and the fact that they are now dumping says that they believe that this shit show has no future.
A bit like the recent share purchase plan, they couldn’t even raise 500k from existing shareholders, just shows that existing shareholders have sfa confidence in the company.
These muppets running this company are as dumb as dog sh*t, they had a bit of share price momentum after they kicked the can down the road with the Comet share holding, but its blatantly obvious now that there is no corner stone investor interested in buying the Comet shares, so now the directors will sit on both company boards and suck twice the directors fees , and guess who is funding all that??? (You).
If they had announced the latest government grant before they announced the capital raising, one , they would have been able to do the capital raising at a higher price and the share price wouldn’t be sitting on all time lows, like it is now , but they ain’t that smart, or maybe the chairman wanted it cheap, except for the chairman, the rest of management only participated in the capital raising for a mere pittance 10k (what a f-ing joke), when you look at what they are sucking out of the show, their tokenistic participation, doesn’t inspire any confidence.
Now where are we at, a register of pissed off stale shareholders (like myself), who are that worn down by the whole thing, that most are probably only hanging on in hope of salvaging some better percentage of their original capital, than is possible now, and a heap of new investors (recent capital raising), that have never been in profit, and as well as wondering why they ever got involved, most probably, would be happy to break even and move on.
Finally , any shareholders of (IG6), if you don’t vote Labor, then you f-ing well better at the next federal/state election(WA), because the Coalition if elected won’t be throwing any money at IG6, they will basically say sink or swim, and out of Australia’s control, if the big Orange Turd gets back in America, he will take a sledgehammer to the re-newable industries.
Hope everything that I have written above, turns out to be wrong, but the current share price is saying that it is right.
Expand
