5GN 1.79% 13.8¢ 5g networks limited.

Ann: Sale of 5GN Business and Capital Return, page-58

  1. 5,765 Posts.
    lightbulb Created with Sketch. 696
    Call the Registry (They live in the Stone Age) and request a Special Meeting to remove the Chairman. If you don’t get traction complain to ASIC and ASX

    $100m in cash

    Selling 5GN business

    Giving shareholders $50m (petty cash)

    Theyve spent $500m+ on building 5GNs fibre network, IP and other intangible assets over the last few years including multiple acquisitions

    they are selling connections for free

    They are gaslighting shareholders

    This is a $1b+ business and growing in a digital future

    They have misrepresented the value of their businesses

    They have mislead shareholders and inappropriately used funds for dividends and share buybacks

    They appear to have been dishonest and should defend their position in court

    This deal is neither fair nor reasonable


 
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