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Ann: NeuRizer Corporate Update, page-32

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JK198211

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09/07/24

13:32

Post #: 74671549
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Originally posted by Pie-O-My: ↑

So we sign a funding agreement with Bergen Asset Management in December 2021 which saw nothing but overhang for 2.5 years; as soon as the shares were drawn down on, they were dumped into the market.

This was the major contributor to the share price going from circa 25 cents to 0.001 cents. To cut a long story short a rich New Yorker got even richer, shareholder equity was eroded, and for good measure senior executives at NRZ were somehow pocketing salaries and bonuses in excess of 1 million per annum.

Anyway, the termitting finally ends with the remaining 400,000,000 shares being dumped in April and May. The reign of terror is finally over and the share price begins to recover. It rockets to 1.7 cents, yes, I repeat, it 'goes to the moon' - 1.7 CENTS... Perhaps the most perplexing part of this unfortunate saga is that the Regulator sees it in their wisdom to issue a speeding ticket for the 1.7 cent moon landing!

You couldn't make this stuff up, but if you're a long term NRZ shareholder and not in a straight jacket, you're doing well.

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Great Summary Pie. As the Newyorkers are now finally gone & deal with the India is speeding up, all the long term suffering shareholders will definitely be rewarded for their patience soon. Happy days not far away!!
IMO DYOR

NRZ Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Ann: NeuRizer Corporate Update, page-32

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

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Ann: NeuRizer Corporate Update, page-32

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