Nothing secret about the name. It is as stated Heuresy. Has anyone wondered why a Board puts out a rights issue while simultaneously threatening to sue the company. With a meritless claim by the way. Xped’s problems did not mature until the new board was stupid enough not to follow through on the company’s obligations, blaming the prior board is just cover for a set of really bad decisions, and a complete failure to do due diligence. How is a rights issue that no-one in their right mind would touch, issued by a board controlled by a party threatening suit, negotiating with themselves, not market manipulation? Perhaps a fraud on the shareholders? To be clear, a 249D is not wishful thinking, this rights issue will not stand, and I will not be Conned.... if you get the pun. No new information here.... read the last 3 announcements and see if you can square 250m options issued with different reasoning in the disclosure statement, before the AGM, to the reasoning disclosed immediately after the AGM in the activity report. What was the consideration to the company for extending the exercise date? Nothing. Self dealing perhaps? Shameful behaviour, exactly what enforcement of the listing rules is supposed to stop.
XPE Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
