tanzania, page-17

Seems like the two biggest shareholders are considering selling out the thousands of smaller shareholders on the register.

Such an action would be unforgettable and investors should take note of those that play ball with the those that put together deals like we have here because their actions speak volumes as to their characters and potential as future co-investors.

I did warn many months ago that the recipients of that large dilution would side with the board in upcoming votes and here we have the test.
It is a good playbook for every low priced gutting of the register by the dodgier WA based ASX listings.
First do a smaller dilution to get a large friendly shareholder set at a low price, then write down all the assets on the books and stitch up an 'UNFAIR, but 'reasonable' deal and eviscerate the retail investors wiping out 95% of their capital. Classic WA business style. The Mafia could learn a thing or two from this bunch.