This reverse take over by ARMA has to date destroyed shareholder value. All the focus seems to be on maximising their payout (Andrew Smith & Shane Ashton). Capital Raising at approx 40c was done to accelerate onboarding of clients. Now we know why, so they could increase their earn out targets. Board is a disgrace to allow this to happen but then again they are too busy issuing options to themselves. Major shareholder Thorney needs to make a stand.
Ann: ARMA Earnout Consideration, page-3
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Last
28.8¢ |
Change
-0.008(2.54%) |
Mkt cap ! $120.9M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 28.5¢ | $42.35K | 147.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131785 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 57731 | 2 |
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| CCR (ASX) Chart |