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).
AKO has previously advised the market that it has received two...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $21.06M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 17.0¢ | $38.13K | 222.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30254 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 30721 | 2 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
17.5¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 17.5¢ | 17.5¢ | 17.5¢ | 18722 | ||
| Last updated 13.15pm 31/05/2024 ? | |||||
| AKO (ASX) Chart |