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[email protected]
Grab your popcorn!
The movie has started!
Can directors, who's legal duty of care it is to do what's right for shareholders sell 17.9% of there personal shares at 53c then do a capital raise for less than 53c ???
The answer is NOPE! No chance, NO WAY !
The question will be made by lawyers that if MTC needed funds soon, why didn't they simply do a small placement of say 5 million MTC shares at 53c to Minerva and raise $2,500,000 which is Way Way Way more than needed to wait out the strategic sale process Gino has been advertising on many Youtube video's !
Instead of taking a $550,000 cash Deposit from Minerva into there own personal pockets, just a small 1 million share placement to Minerva at 53c would have been the only thing legally they could have done that was in shareholders best interests & not there own best interests....
The question today is also obviously, why didn't they just accept TFM 63c total offer which is multiples higher than 16.5c & not too far away from the 53c they sold there personal shares at ?
Questions, Questions, questions!
Shareholders are paying the price today, but unless they get this sold for greater than 53c or get funding for greater than 53c equivalent , then it's directors buttholes that will soon be paying the price!
The good thing for shareholders is they are desperate to pull a rabbit out of there Ass's to stop there buttholes being examined at Acacia Prison Perth !
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Mkt cap ! $35.46M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 392 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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17.5¢ | 49670 | 1 |
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No. | Vol. | Price($) |
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1 | 20000 | 0.165 |
1 | 20000 | 0.160 |
1 | 20000 | 0.155 |
1 | 60000 | 0.150 |
1 | 3000 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 54278 | 2 |
0.180 | 124716 | 3 |
0.185 | 105695 | 3 |
0.190 | 29987 | 2 |
0.195 | 26250 | 2 |
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