Ann: IonicRE Raises $5.5 Million in a Placement, page-85

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mindgame

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25/04/24

22:40

Post #: 73514104
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Originally posted by jake0002: ↑

Goodaye there Docmin,

If we want to highlight issues surrounding constant CR's, just look at 88E !

With IXR, there are a number of issues, most of which have already been raised here.

1. the very large level of discount to SP.

2. the price of 1.3c.

3. the fact that it was a Placement in which the Chairman participated.

4. the fact it was a Placement, which deliberately excluded other shareholders. Noting Boards are supposed to treat all shareholders equally.

5. the clear view that the allocation of Options are clearly too cheap. ie not on commercial terms in my personal opinion. Are the terms of this CR intended to curry favour with certain clients, for later CRs?

6. On what basis did the Board agree to selectively place shares to our Chairman? They need to explain just how and why that occurred - because they need to keep s/h on-side for the vote.

7. what information did ALL the participants in the Placement receive in order for them to subscribe in Placement. No one will persuade me that a director is not privy to info that the rest of the market does not have. Witness to comments re Offtakes etc etc.

We all know that one needs 5% of capital to do a 249D. I suspect that no one here has access to that many shares.

In any event, I would not support removal of our Board - WHY?, because many reasons. The issue that they have ignored retail shareholders in this CR is fair comment --- but IMHO, the fact remains that they are getting IXR moving at a rapid pace.

Bottom line here is if they get the SP up because they get Makuutu firing, and Ionic Tech firing, we ALL win.

If we all are angry about the selective CR (as I am) then we ALL have a chance to vote against the various resolutions when the EGM is held in June.

If the resolutions fail, then the Board will get the message, and the Chair will not get his shares.

We need to keep an eagle eye on the wording of those resolutions.

Remember, these people would not be committing their cold hard cash if the company and its business prospects were poor !!!

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you seem to know a fair bit of what is going on here, i just have a quick question if you or someone here can explain. why is it that the PR for the JV with VMM is materially different from one company to another? JV's usually uses identical documents, apart from a few differences, but the VMM is extensive, throughout explained, objective, and looks professional. Since this announcement, VMM has gone up by almost 30%! as it seems this agreement is more beneficial to VMM.. what is your opinion?
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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $43.82M

Open	High	Low	Value	Volume
1.0¢	1.1¢	0.9¢	$182.3K	18.26M

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No.	Vol.	Price($)
33	11577376	0.9¢

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Price($)	Vol.	No.
1.0¢	1818023	4

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No.	Vol.	Price($)
33	11577376	0.009
17	6515372	0.008
24	8711096	0.007
15	5168499	0.006
24	6395173	0.005

Price($)	Vol.	No.
0.010	1818023	4
0.011	10532204	17
0.012	4268099	14
0.013	4250219	9
0.014	2797171	6

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Ann: IonicRE Raises $5.5 Million in a Placement, page-85

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