AJQ 0.00% 10.0¢ armour energy limited

This has been strategic manipulation by the directors and their...

  1. 979 Posts.
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    This has been strategic manipulation by the directors and their special significant investor friends to fleece the small investors. There would not be too many investors in AJQ, and for that matter most of the other DGR daughter companies controlled totally by Mather, etc., which are in profit. AJQ investors are down over 50% since the last CR (0.004c); 90% down since the CR (2.1c) of two years ago; and whatever percent of the share value only a few years ago when shares were worth 7cps. Share price must rise by 100% to regain last CR price; by 10 times for 2nd CR and 35 times current price to regain the 7c value. All the while directors underwrite both capital raisings earning themselves 5-6% of money raised and then picking up the not taken new shares issue in last 0.004cps (i.e., 61% of new issue at the then lowest price of 0.004%). Not just cunning, Stonelogy, but fraudulent and criminal behaviour. A 50 to 1 consolidation will cement & compound the losses for most shareholders.
 
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