re: Ann: Notification of Proposed Issue of Or... The excuse is "because the shares are so cheap we need to issue each other 10 million shares"
Market will naturally recover and revalue our stock --hence we are in the money for doing zilch.
This is the type of thing that happens when performance is measured purely on share price and not adding valuable assets to the company.
Chass
Ann: Notification of Proposed Issue of Ordinary S, page-5
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85.0¢ |
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Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 88.0¢ | 85.0¢ | $123.7K | 145.0K |
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| No. | Vol. | Price($) |
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| 4 | 212002 | 85.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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