lol
Circa $100m in cash
Probably more than $200m+ spent on physical fibre network and IP development
a scalable business
perhaps ASIC should check the books and undertake a fair value assessment
this deal is neither fair nor reasonable
they’ve used company funds to pay themselves back through share buybacks - seems inappropriate
they’ve used company funds to travel around the world - seems inappropriate
this payout does not reflect what the companys IP and asset base is worth!!!!
the books have been held back unfairly
they have miss represented true value to their shareholders
they’ve described themselves as the largest Australian owned and operated fibre network
they have not disclosed anything
they’ve misrepresented the value of the Webcentral business before a sale that contradicted the books and now they are selling one of the largest fibre networks in Australia below fair value
How can this ASIC allow this to happen.
CFO running. Can run but can’t hide from the law
ZERO trust in ASIC. No accountability!
Ann: Sale of 5GN Business and Capital Return, page-28
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $92.68K | 639.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 425232 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1966212 | 38 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |