Now that's what I call an expensive loan. Interest free ,BUT a fee of 27,000,000 shares plus 31,706,541 options exercisable at $0.05. Do the maths on that effective cost of borrowing! And apparently because Thorney already held 14%, they got a waiver from the ASX for the requirement to obtain shareholder approval on such a terrible deal. Now you could argue we desperately need the case but really? That will be a massive dilution. It seems us long term shareholders just got shafted a second time.
Neil Wilson has thanked Thorney Group, Dubber's customers and employees for their support during this shitstorm. I would suggest he probably ought to thank all the "other" shareholders besides Thorney for their support and patience over the last 2 weeks of blackout. No sign of an apology to those shareholders either for losing $30m of our money.
Poor form for mine. But maybe I'm just a tad jaded.....
Does anyone feel the same?
Now that's what I call an expensive loan. Interest free ,BUT a...
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1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $23.58M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.6¢ | $18.82K | 1.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 5922995 | 1.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1550292 | 2 |
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