Its all very confusing and frustrating when we, investors with smaller holdings and virtual part owners of MBN, are kept in the dark regarding the dealings going on behind the curtains. We are made to watch a "drawn curtain" and rely on external source of information such as AFR Street Talk, while some of our bigger co-investors and/or outside Venture Capitalists have access to all the financial information and consequently the pick of the crop.
Wouldn't it be interesting if MBN brought out a proposal (while the share trading is still suspended) explaining to ALL investors how they intend to save the company, how much money they require to do it, and to offer ALL investors the opportunity to participate in a Capital Raising exercise, at the same low price other big investors are, apparently, in the process of being offered?
How legal is it that some big investor(s) would be told all about the "status quo" of the company and then offered or asked to invest while most of us would still be kept in the dark and not given the opportunity to take part in the saving of MBN?
Would that be considered "insider trading" if they (big shareholder / Venture Capitalist) know all about the company and then decide to invest, when no other investor is at least offered the same opportunity?
Would someone shed a light here, please?
IMO, DYOR
MBN Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
