AKO 6.45% 16.5¢ akora resources limited

AKO has previously advised the market that it has received two...

  1. 156 Posts.
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    AKO has previously advised the market that it has received two non-binding offers from potential strategic investors to invest in AKO , the details of which have not been released (but would be well known to board members).

    So why are shareholders being asked to approve up to $190k of shares to be issued to 2 directors at $0.15 per share when these 2 directors are in possession of information (that we other shareholders don't have) that could value AKO at considerably above $0.15 per share if this information was available to all shareholders?

    (By voting for resolutions 8 and 9, shareholders would be in all probability voting for further dilution of their interests.)

    These 2 directors should only invest based on the market price of AKO following the end of June - ie after the analysis of the bids has occurred and presumably the strategic partner has been announced (including details of the t&cs).

 
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Last
16.5¢
Change
0.010(6.45%)
Mkt cap ! $16.55M
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15.5¢ 16.5¢ 15.5¢ $41.55K 254.4K

Buyers (Bids)

No. Vol. Price($)
2 250000 15.5¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 112921 2
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Last trade - 16.10pm 15/05/2024 (20 minute delay) ?
Last
16.5¢
  Change
0.010 ( 6.45 %)
Open High Low Volume
15.5¢ 16.5¢ 15.5¢ 20523
Last updated 12.44pm 15/05/2024 ?
AKO (ASX) Chart
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