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ryobal

7,161 Posts.

517

09/08/16

07:53

Post #: 18473046
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Originally posted by Naki1 ↑

Jiska your missing the point of the screw job management gave us. The price they are offering in itself isnt the issue, that can happen. The issue for those reporting to asic is austasia. The basics of the deal is this, when it was announced it was odin reverse aquiring gridcomm. Then in the last 6 months the directors of both odin and gridcomm created austasia. They used austasia as there vehicle to insert into the deal and buy gridcomm with austasia even though it is a worthlesa company with zero assets created 6 months ago solely for this purpose. They then are trying with this deal to force odin to buy austasia at a premium losing value for both odin and gridcomm shareholders while lining the pockets of the directors from both companys and giving themselves a massive payday. Austasia is the issue with this deal a fake comoany with no value inserted into the agreement that provides no benefits to either gridcomm or odin shareholders but serves to line the directors of both sides pockets mike holt is jist as shady as alex in this deal and has screwed over gridcomm just as alex has screwed us

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Can everyone complain to asic about this?

ODN Price at posting: 1.0¢ Sentiment: Sell Disclosure: Held
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