lots to digest agree with you Seb. Found this interesting...

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06/03/24

07:04

Post #: 72762764
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Originally posted by SebTaylor: ↑

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

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

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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lots to digest agree with you Seb.
Found this interesting
"Specifically, Colinton is effectively paying a 15% premium relative to other shareholders that participate in the Placement."
What does Colinton see ????? Concerned that down the line we may get stomped on but what other choice do the rest of shareholders have??

I think the company is now trying their best to make something of it all its not like the days of old with all the BS.
Its just damn infuriating and frustrating that the company was not run appropriately initially as such we are where we are today

AJX Price at posting: 1.2¢ Sentiment: None Disclosure: Held
5 Upvote

1 Great analysis

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