WKT 4.55% 11.5¢ walkabout resources ltd

Ann: Application for quotation of securities - WKT, page-2

  1. R08
    7,753 Posts.
    lightbulb Created with Sketch. 1804
    Wow....so shares have been issued to Faro Corporate for services rendered PRONTO at 11c - which no one knows what exactly they are for - you would think such services would have required a successful outcome in order to render the shareholder approved placement at the urgency as has transpired ? Although - why hasn't a debt funding approval Ann been issued first ?

    What exactly are management up to here ? I suspect they didn't have the money to pay the Advisory fee in advance, therefore equity needed to be provided in lieu. Doesn't strike me as being a guarantee to the procurement of successful debt funding for Lindi !!

    All whilst poor old Pete Finnimore gets his out of the money at a 50% discount at 21c. Couldn't script this...
    Last edited by R08: 13/01/23
 
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