with respect Fred, from what I can see it's not about the past but about the current. The mutineers claimed they started with 30-40% of the register between the 2 big institutions and their HNW associates. They ended the vote with the same number - so everyone else who voted ( including all other institutional investors) voted against....with 30% of the register too lazy to vote ( they paying the price now). Thats the past. Now for the current - clearly all the institutions who came in to the capital raising ( the company talked of many new institutions) have sold due to the patients getting hold of the asylum - hence the price dropping 60%. They are most unlikely to revisit the company whilst new directors pay themselves excessive cash fees ( $110k per non exec in cash? maybe fair enough when it was in shares) nor when the board give themselves full time jobs at a few hundred thousand a pop. That's below investment grade poor governance and a current issue that needs fixing if this company is ever going to recover. Only other antidote is sales/performance - but company is snoozing and little sign this new lot have the slightest idea what they are doing.
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7.2¢ |
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Mkt cap ! $145.6M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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No. | Vol. | Price($) |
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1 | 105000 | 0.070 |
1 | 129964 | 0.069 |
2 | 21359 | 0.067 |
1 | 100000 | 0.066 |
6 | 1157220 | 0.065 |
Price($) | Vol. | No. |
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0.076 | 100000 | 1 |
0.079 | 53871 | 2 |
0.080 | 137500 | 2 |
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