Well speaking to a few advisors in this space, suffice to say this sort of activity is rife across the speculative and resources end of the market.
And is with individuals where the money follows who always come out smelling of roses (and richer) at expense of poor sods of shareholders who think they are protected by investing in ASX listed companies...
Sad reality I am afraid, and poignant advice was to look very hard at the individuals behind these companies..
Sometimes you learn more about these individuals when you have been shafted and then do deeper research behind their activities....
SBL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
