What an absolute disgrace. The mob has won, management has capitulated and significant of amount of OUR wealth has been destroyed. This managment team have, in my view, demonstrated that they are poor negotiators, poor assessors of value, poor strategist and poor operators. It is beyond belief that they think that they are now entitled to abscond with what little of OUR capital remains. The board and the CEO should take the only honourable course of action which is to resign and liquidate OUR company. This will allow those of us with substantial positions to exit as efficiently as possible, realize OUR tax losses and then reinvest OUR funds where and with whom WE choose. Particularly, now that the Federal Govt is going to provide substantial tax incentives for Venture Capital type investments. In fact, the pending legistlation makes it much more attractive to do high risk, early stage investing in non-public vehicles.
Furthermore, the Chairman actually characterized the No vote as a gamble and now he intends to do exactly that with OUR money. Distressed investing in this environment with a pitifully small amount of money, no expertise and with no credibility to raise incremental funds makes absolutely no sense. Do these people have no shame?
My condolences to all who have lost money and especially to David and Glenda who put so much effort into this business and who have clearly lost substantialy amounts of wealth. This is a very sad day and now that the Yes vote has won, it is imperative that they join with the No voters and ensure that more destruction of OUR wealth is avoided.
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MEL
metgasco ltd
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 16630498 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 10381720 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 6630498 | 0.002 |
9 | 37800999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 5681695 | 8 |
0.004 | 3097000 | 4 |
0.006 | 311675 | 1 |
0.008 | 100000 | 1 |
0.000 | 0 | 0 |
Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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MEL (ASX) Chart |
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