I cannot sugar coat it , I am disappointed .
It all comes about because of how they structured the IPO .
MEP shareholders got shafted there with the price struck for the IPO implying the assets passed from MEP to DRM was only worth a little over 1cent per MEP share when the tax dept accepted it was considerably more .
I cannot complain because I made a lot of money out of MEP and I will make good money out of DRM .
I bought a big holding in the IPO but I got cut back .
MEP shareholders should have been given full application imo .
Shame to see the exploration team could no longer have a job .
Feel sorry for the ADN holders that bought into MEP to get cheap ADN shares and did not take part in the DRM IPO .
Luckily I saw very early that over there the Emperor had no clothes .
- Forums
- ASX - By Stock
- DRM
- Ann: A1M: Supplementary Bidder's Statement
Ann: A1M: Supplementary Bidder's Statement, page-11
-
- There are more pages in this discussion • 25 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 DRM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online