WFL 0.00% 0.3¢ wellfully limited

Ann: Final Share Placement and Share Issues, page-21

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  1. 174 Posts.
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    If we don't watch out, pretty soon the preposterous amount of shares and options that keep getting given out will be in the hands of a select few, giving them a controlling piece of the company. Then our votes will have no effect whatsoever when finally it's time to privatise or get taken over.

    I had a hunch something was going on when Paul asked us to ratify the shares given out under the 15 + 10% placements, effectively reloading the capacity a month before the AGM where the placement facility would have been reloaded anyway.

    Now, after the AGM, the board will have yet another renewed 10+15% placement facility to give out shares as they see fit.

    Seriously... 20 million shares for 6 months of social media monitoring. Something doesn't add up.
    Last edited by topher: 07/11/22
 
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