The suggestion that insiders should be given 20% is frightening, particularly when one considers that they will dump half on the market, which would mean giving them 40% and having half dumped on the market. If that were done, DRO would have a billion shares on issue (the existing 600+ M, 200M dumped on the market, and 200 M in management hands) and at the current market cap, that would put the share price at 24c and below its issue price (but of course the share price would fall well below that because there would be no hope for shareholders). Oleg would have a $50 M in shares while share holders who had supported the company since listing 8 years ago would have a negative return. That is not a scenario that would be supported by any rational shareholder... Hence, my question about vested interests, and no doubt why you have the same feeling.
The thing I find frightening about DRO is how many people are willing to support Oleg pillaging DRO.
Boy is this going to be an interesting vote. Whatever the outcome it will be fascinating to see the market action afterwards. Oleg loves making market sensitive announcements. Unlike many of his other announcements the EGM results certainly fall into that category.
Time to get out the popcorn, because however this goes, it's going to be a car crash.
DRO Price at posting:
39.0¢ Sentiment: Sell Disclosure: Not Held
(20min delay)