This is so typical of companies that list on the ASX with the main aim to maximise personal wealth. Pac-Man on a previous post was boasting about the intrinsic value of the company in relation to this transaction. Obviously zero value.
I have posted previously, what does this company actually do. Now it’s AI. Buss word, that will keep them interested while they sell assets and slowly suck the money dry.
Every quarter they talk about new customers, new contracts, expanding business, etc etc, yet the revenue is drying up costs are still high and profit is where.
ASIC needs to start cracking down on companies that treat shareholders so disgracefully. Apr24 to Jul25 shareholders have been locked out of trading.
This is the second failed acquisition, previously it was that NZ rubbish. Sleight of hand stuff.. look AI over here, we need more money to setup, more staff, more money from shareholders. Take take .
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