AJX 8.33% 1.1¢ alexium international group limited

A couple of typos below i.e. an overuse of the word "million"But...

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    A couple of typos below i.e. an overuse of the word "million"

    https://hotcopper.com.au/data/attachments/6009/6009343-b79951bf46fb2fd3e7a1c6fffc3d0893.jpg


    But that is a bit of money Billy and even Bob are chucking in, and also Paul who is a Director.

    They must believe there is something there worthwhile - obviously Collintons and Wentworth too but they have existing large stakes already in the business and they will be lost if this doesn't go through (like us all) but have a few more funds to chance a play with Alexium.

    Its however likely to be a slow turnaround through and the financials below are pretty poor

    https://hotcopper.com.au/data/attachments/6009/6009344-802c2a4bbb853385b5636626e7686965.jpg



    It's going to give Collinton's 52% of voting rights and likely much more as I can't see too many shareholders participating - so they will have a big say in where Alexium goes and what happens to it going forward (or what happens to their stake).
    At least Billy will have a small stake and is stumping up some good dollars


 
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