Great Summary Pie. As the Newyorkers are now finally gone & deal...

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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
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(20min delay)
Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $20.92M

Open	High	Low	Value	Volume
1.0¢	1.3¢	0.9¢	$112.0K	9.997M

Buyers (Bids)

No.	Vol.	Price($)
2	206728	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	85000	1

View Market Depth

No.	Vol.	Price($)
2	206728	0.011
7	2400500	0.010
5	990000	0.009
3	375611	0.008
3	3253968	0.007

Price($)	Vol.	No.
0.012	85000	1
0.013	10000	1
0.016	1529164	5
0.017	212562	3
0.020	200000	1

Last trade - 16.10pm 09/07/2024 (20 minute delay)

NRZ (ASX) Chart

Great Summary Pie. As the Newyorkers are now finally gone & deal...

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Patagonia looks to raise $2.15M for South American exploration and development

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

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Great Summary Pie. As the Newyorkers are now finally gone & deal...

Top Stories

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

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Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

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Sellers (Offers)

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