CKchristian, follow through with your logic:
AKP announced in August 2022 it had received binding commitments via a non-underwritten placement of 714,286 ordinary shares at A$14.00 per share, to sophisticated and professional investors, to raise A$10 million. Hardly a windfall of money which you'd agree is just enough to keep the company (or ponzi scheme for the naysayers) going....
Of this placement:
1. Earth Mountain committed to the placement for approx. 308,325 shares out of 714,286. Plooto and others believe this is a front for Fred / a fake company and in any event, Earth Mountain have yet to stump up the cash waiting on approval from PRC govt regulator.
2. 165,358 shares (A$2 – 2.3 million) were subscribed to by 4F Investments Pty Limited, a company associated with Fred Bart, Chairman.
3. the remainder of the placement 240,603 ordinary shares (714,286 - 308,325 - 165,358) were made to sophisticated investors.
So according to some on this thread, a fake company (in Earth Mountain) who have yet to stump up the cash was the biggest subscriber. Fred gives $2.3mio of his own money to supposedly gain more shareholding in a company which according to Plooto and others has no product and zero value (what a great investment).
The windfall for Fred and the fake people from EM (which are according to Plooto and others, are Fred's ghost trusts) was the category 3 placement of 240,603 shares being $3,368,442.
Now if I follow Plooto and other peoples hypothesis, Fred and co have set up a fake company which they have kept going for 15 yrs. This year he made a whopping $60k in directors fees, and if the money from the sophisticated investors ($3.368mio) went hypothetically in Fred's back pocket (not easily possible nor plausible in my opinion), he had to sink $2.3mio of his own cash from 4F investments to obtain this. The differential being a paltry $1.068mio (the difference between the sophisticated investor placement of $3.368mio and 4F investment's placement of $2.3mio).
Now, I'm humoring Plooto's (and others) hypothesis, and I ask myself why would Fred go to all this effort to hypothetically stand to make $1,060,000 which he can't declare and risk gaol, prosecution under ASIC legislation, loss of credibility, blah blah.....
If Fred stuck $2.3mio instead into Weebit nano on 24 August 2022 (a company which he has an executive seat on) at $2.65, those shares today would be worth over $3.8mio, a capital gain of $1.5mio, no issue with ASIC, no time wasted making up (according to some) fake companies, ghost trusts, b8llsh8t announcements, dealing with auditors......
This doesn't make sense. So again I ask Plooto, ckchristian, the rest of the sh8tcan brigade to explain how hypothetically this massive fraud is pulled off.
The lack of detail nor an answer to my question (other than more random unsubstantiated claims) is deafening (even without an audio pixel with background noise)....
I'm going to maintain my belief in greed, that being Fred / Yuval / Danny are moving mountains to get this thing working and when / if they get this product to commercialization, stand to make many hundreds of millions / even billions of dollars.
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