"These guys just gifted themselves half the options with no cash required, through some trickery they built into the prospectus when the options were issued. It is as dodgy as it comes, and it's lucky for them the little run on the share price means more free shares in this case. The bottom line hasn't improved at all and you would have to assume a CR is imminent given they running on fumes and its highly unlikely there are any serious bidders for any of these projects."
It's ironic that "the collective" who manipulated the SP down, rinsing retail, then profited when they rode it back up again are now crying "DODGY AS IT COMES" & "LUCKY FOR THE SP RUN" that management are profiting by gifting themselves "LEGALLY" a significant share in (in their words) worthless company from option conversion which were published in 2021 ..... What Hypocrisy!
"Only a SCAM if you're not involved eh?"
Perhaps they should research a company's capital structure before investing in said company!
Unfortunately, BROKERS never go BROKE! They prefer to send others BROKE!
LEL Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
(20min delay)