IWG 0.00% 4.0¢ iwebgate limited

Ann: Chairman's Update-IWG.AX, page-4

  1. 698 Posts.
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    Well, in this case sugar has had the opposite effect and slimmed the valuation down, instead of bloating it up, like it does when added to coffee. The clever chaps in their suits have enabled new investors in at 2/3rds of the share price since they involved Lind to supply the death spiral grip. This means that 177m extra shares issued at 4.5 cents and I can remember when the valuation was over A$150m, and the whole thing has been horrible to watch.
 
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