once upon a time, it was a big happy family

once upon a time, there must have been a big happy family at pne. a certain mr phillip coulson, seems to be unhappy, and is seeking to wind up the company. at the time of the IPO, it seems that mr coulson must have obtained 1.6m freebie shares (or "mostly freebie" shares)

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it would be interesting to know, why mr coulson got the freebie shares in the first place. watso is always happy to get freebie shares. anyway, mr coulson is no longer happy, and wants to wind the company up.

likewise, mr popal, had received a heap of freebie shares (about 1.5m shares, at 2c), as well as heaps of freebie options eg 1.5m unlisted 25c options. likewise, mr popal is no longer happy.

indeed, nobody is happy these days - including the shareholders who paid 20c per share


in the middle of it all,is the mug gambler, who took up shares in the ipo - but they were never more than stooges, who would provide the means for a listing, and thus provide a market into which the promoters, and the friends of the promoters, could sell their shares.

one good thing, is that freebie shares have a 2 year escrow