AJQ 0.00% 10.0¢ armour energy limited

This is simply a takeover of our company by directors after...

  1. 979 Posts.
    lightbulb Created with Sketch. 379
    This is simply a takeover of our company by directors after shareholders have put out significant amounts of money to reach the near potential being realized. Mather has a history of doing this. Just look at all the companies he is in leadership and command roles, while getting paid handsomely. He puts his 'yes men' in place as fellow directors, and then sells off huge new chunks of the company/s at vastly reduced prices (AJQ price was around 7cps a couple of years ago, then a CR at 2.1cps and recently 0.004cps) to his significant investors (himself, fellow directors or mates) and now a 50 to 1 consolidation collapses the value of the initial holders. A scam by any other name. But it works well for them.
 
watchlist Created with Sketch. Add AJQ (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.