criminals for raising money to build their project?
No, but (morally) criminal for raising, no, *gifting* $12 million worth of shares to their mates at a 30% discount to an already beaten-down share price. Morally criminal for then treating loyal long-term shareholders with utter disdain by limiting the SPP to only $2 million. They're literally transferring shareholder wealth to their mates. Shameful. This share was around 19 cents a year ago, and now 83% of new 8c shares are going to instos who will simply flip it at 9 cents or less, while shareholders get a measly 17% of the total raise. To me it is sheer ineptitude to raise such a large amount so soon after the release of multiple bad news events that have temporarily soured sentiment in the sector. Do they really need $14 million, and do they need it now?
- Forums
- ASX - By Stock
- Ann: $12m Capital Raising to Advance Lake Wells SOP Project
criminals for raising money to build their project?No, but...
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add APC (ASX) to my watchlist
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.070M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
APC (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online