Just be careful.........in the past I have experienced company directors continually taking up their full entitlement in SPP's with some taking up more than the full amount to prolong the saga and their generous salaries until administration. Yes they did so well projecting an arrogant air of confidence.
This management teams salaries if they can keep going for a couple more years far outweigh any SPP amount.
Where else in the real world can you be paid ridiculous amounts of money continually burning cash with no let up in sight. And then when the trough is nearly dry ask for more cash to burn as you continue to pay yourself an absurd amount of money as holders are diluted further and further.
It's simply unbelievable that these jokers can get away with doing this for so long.
How does a reasonable person get their head around this ?
Good luck with what ever you do.....hope you win !
OBL Price at posting:
0.7¢ Sentiment: None Disclosure: Held
