BRU 5.56% 8.5¢ buru energy limited

Ann: Completion of Unmarketable Parcel Share Sale Facility, page-9

  1. 27,016 Posts.
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    Care to add to this before I email it in the morning?


    I write with concern that the Unmarketable Parcel Share Sale Facility has resulted in Fosters Stockbroking dumping around 4m shares on market at the worst possible time a few days out from the end of the financial year when tax loss selling is inevitable, entirely predictably crashing the Share Price.
    Can I ask if any consideration was given by the board to the holders of marketable parcels of Buru Energy shares who have just seen their shares plummet in value in return for minimal savings in corporate administration costs in the decision to pursue this reckless plan?
 
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