What the hell is going on here? Post after Post on cessation & cleansing notices one after another to fix the errors of the last post.
Every post on ASX cost the company money. Are we talking about throwing money out the door? Let's see if we can reduce the 'FUNDS' in record time!
Let me give you a small snippet of the evidence and you guys can troll through the announcements to gain some foresight on the blunders being posted one after another. What a waste.
31/12/2024 CDI's 151,199,484
31/12/2024 Options EXP 30/11/2027 10,380,417
Cleansing statement 17/01/2025
17/01/2025 CDI's NEW 3,116,418
17/01/2025 Options NEW 2,306,528
MATHS LESSON 101 Addition
151,199,484 + 3,116,418 = 154,315,902
10,380,417 + 2,306,528 = 12,686,945This is on top of the NEW OPTIONS coming back to life from the dead!
14,044,849 as from announcement 'NEW OPTION OFFER'
My question to management is this: -
If I owned X amount of 'Options' from my share purchase @ $0.90 cents, do I have to reapply to retain my options?
All the option holders who owned these options are on file as of the expiry date. YES?
Nobody is entitled to apply for these options that did not buy the right to gain access to these options through the equity raising @$0.90 CENTS.
Management should not be allowed to be deceitful to any of its shareholders to Favour major funds in accessing free options that were NOT paid for originally by them.In my opinion, once the Options Expired worthless that should have been the end of it. However, this refund is behind the massive holders looking to gain back their options so this time they can make some coin as we wait for the imminent approval.
I am now going to explain the difference between a 'Gift' and a 'purchase'
A Gift is when someone gives you something for FREE! An item or reward given to you with no obligation on your part for payment or return.
A purchase is when you buy goods or services. In other words, you have to sacrifice your money to gain access to a good or service out of your savings.
Now that we understand the difference let's look at these 'OPTIONS' for what they are?
NO shareholder is missing out! End of Story. If you did not take up the $0.90 cents Equity Raising to purchase shares to gain the options paid for by the taker/buyer of these shares - you are clearly not missing out as you NEVER PAID FOR the right to OWN these Options.
As for the VOTING of these options at the AGM, it is beyond belief that apparently the holders of these options could not VOTE. I did NOT vote. So in theory the only shareholders who could vote were the NON HOLDERS of these options. So the question that must be asked is WHY? They gain no rewards for voting YES. The SHIT that goes down every year at these AGM's needs the ASX to seriously start investigating what can be put to shareholders each year and what must be made public is that all management are on notice for best business practice to stop the money thief from the business to the pockets of management. EVERY BLOODY YEAR - It must stop. Hand out after Hand out.
Good luck as we are in serious breach of Madness!
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