1. This announcement is about the capital structure of the company. Pretty basic and rudimentary if you know whats going on. For those of you playing at home, the most alarming item to flag is the 12m shares coming out of escrow in six months in December 2021 - do you assume these shares will be held or sold? Other overall theme to highlight is they loaded themselves up with 31million options at cheaper prices than the 27million shares just sold to retail at 72cents. You do the maths.
2. Yes, directors acting in their own self interest can be regarded as watering down shareholder value. Especially when these said directors have not actually acheieved anything they said the company would go out and do with the IPO funds. There has been no update on terragraph, the .GG egaming story is dead, and cloud gaming has been delayed by five months, whilst the company as an ISP has only accrued more loss making NBN customers. What have the directors achieved, what has been their value add, to be deserving of cheap shares?
3. Its a bit unorthodox you compare behaviour of other companies to try and normalise the behavior here. You should really only care what goes on inside your own company. Its like comparing how other countries operate, or how other families and parents treat their children. I understand the level of investors is quite basic here, but didnt realise just how naive you all really are.
