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61289439

1,754 Posts.

2063

09/10/20

12:33

Post #: 47972819
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Originally posted by 61289439: ↑

They got booted out a while back, but as they held 5% of existing shares they called for an extraordinary meeting that is scheduled I think for November 4th. They want to try and kick some people off the existing board and get themselves back in. If you are holding shares, it's imperative you get at least your proxy votes in to ensure this doesn't happen. Orginally that was the reason for the big increase in stock trades a few weeks back. Might still be happening now, but this won't be over until the meeting in November. I know the current board has the support of Barclays and some others, but every vote counts and it is an important vote. If the old board members got back in it would be a disaster. But, like I said, numbers are still on the current board's side, unless someone has come up with a spare 5 million or so to try and get the old ones back.
Doesn't make any sense though. The old board just wasted money and made bad decision in trying to get into online gaming. New board makes much more sense and the BNPL direction is absolutely perfect for this company - IMO

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Sorry - just checked. It's 5th November for the meeting

IOU Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $5.447M

Open	High	Low	Value	Volume
0.3¢	0.4¢	0.3¢	$2.924K	872.2K

Buyers (Bids)

No.	Vol.	Price($)
34	24942931	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	14491514	5

View Market Depth

No.	Vol.	Price($)
34	24942931	0.003
29	24348636	0.002
16	46752300	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	14491514	5
0.005	11522053	15
0.006	6854703	13
0.007	2925819	8
0.008	1175000	3

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