AJQ 0.00% 10.0¢ armour energy limited

Ann: Successful Completion of Equity Raising, page-37

  1. 987 Posts.
    lightbulb Created with Sketch. 393
    A continuation of the strategy in place by Mather and his self selected BODs. Look at all the other companies, including DGR, SOLG, etc., and you will see the pattern. Drive the price down with poor communication, capital raisings at very underrated prices (and directors and mates buy up big after selling down from highs to force price of CRs down), dilution by massively increased numbers of shares and options, increased compensation to directors themselves (their salaries and 5% given to themselves from CRs) and w.o.o.o.s.s.k.a......more instability and price goes down more and more. During this process the directors and their mates come out the other side with a huge increase in their own stakes in the company......very profitable for them. Total control and no accountability and compliance with the laws, company rules, regulations and nothing whatsoever for fairness to all shareholders.
 
watchlist Created with Sketch. Add AJQ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.