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My biggest worry is that management borrow against PIOP if the next fund raiser doesn't reach their full requirements, they then go to raise cash by way of a loan through, you guessed it,Todd, if they do, its all over, Todd will get what they want for the value of the loan, they just have to make it a big enough loan so there is no way FMS can pay it back, then a transfer of ownership would be made to Todd for PIOP for not being to pay the interest, we already know the interest would 15%, if this happens before the 31DEC. but after the AGM, we do not have leg to stand on, what do others think. Please comment.
Action, page-9
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Last
80.0¢ |
Change
-0.030(3.61%) |
Mkt cap ! $159.8M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 83.0¢ | 78.0¢ | $50.76K | 62.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23954 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 3109 | 1 |
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| Last trade - 15.40pm 19/11/2024 (20 minute delay) ? |
| RHK (ASX) Chart |