AI1 5.00% 2.1¢ adisyn ltd

Ann: Half Yearly Report and Accounts, page-10

  1. 310 Posts.
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    yep, on top of that, if you go to the FY21 annual report, in the "related parties transactions", there were a bunch of sales & purchases related to a company that Justin owns (DC Coin or something like that). Also, Justin's mum and dad were employed as employees of the company and got paid. Safe to say this is a life style company, a listed family business if you may call it. Dodgy Board, dodgy corporate advisor.

    We're almost half way thru March and there is no announcement RE the certificate. 1.5 years after listing, share price has halved. Things they promised in the prospectus they couldnt deliver. Justin probably thought going IPO riding the data centre/COVID hype was easy money, which he probably has made quite a lot of money from as a seed investor; but he did not take into consideration that if he failed this IPO, his public company career is OVER. The guy set DC2 up in 2012 and 10 years later, the company still hasn't turned a profit. Says quite a bit about the competency doesnt it.
 
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