Ann: Completion of $6.3m Placement and Corporate Update, page-117

  1. 716 Posts.
    lightbulb Created with Sketch. 151
    Yes. I agree.
    I was in at around 2017. So many lessons have been learned. It's sad to see so many investors not being more cautious. (for example the thread saying how the deal was a certainty!)
    It gets my blood boiling witnessing the incompetence and recklessness of FBR destroying shareholder 'wealth'.
    The BoD (Mark and Mike in particular) have consumed tens of millions in their dream endeavour also earning hundreds of thousands per year along the way.
    "Full order books" and deals just haven't materialised.
    A $1,000 investment five years ago is not just only worth probably $200 now, through dilution it's worth far far less (as the number of shares on issue have astronomically soared).
    How much of Mark & Mike's own personal, after tax income have they bought shares with...? Rather telling isn't it....

 
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