another fantastic scheme for sophisticated investors
1. son "borrows" other people's hard earned from company he is a director of (OPES)
2. son "lends" hard earned to father's company
3. father "on-lends" hard earned to another company - ADY
4. son is also director of ADY
5. father substantially writes down loan by receiving equity in ADY
6. no doubt the father now becoming a "sophisticated investor" will be able to impeccably time his buys and shorts
one has to ask who was looking after the interests of all the "non-sophisticated" investors at the time.
understandably, PT was busy looking up the definition of FOB at the time
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- 10m loan payback afr pg 72
10m loan payback afr pg 72, page-10
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Change
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Mkt cap ! $13.03M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 1320820 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 2539287 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1320820 | 0.007 |
6 | 1400000 | 0.006 |
7 | 1357440 | 0.005 |
5 | 2150120 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2539287 | 2 |
0.010 | 995195 | 4 |
0.011 | 55003 | 1 |
0.012 | 201360 | 1 |
0.014 | 200000 | 1 |
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