OPL 5.26% 1.8¢ opyl limited

Ann: Opyl receives non-binding offer for its Opin business, page-5

  1. 4,293 Posts.
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    @brrrattt This looks like a deal to benefit Dr Stevenson as well as leaving the directors to easier and more profitable duties.

    To gift 80% of future profit for $1 is ludicrous or a very desperate attempt at survival. Shareholders would be wise to learn all they can about the Dr's new company (see attached) before agreeing to this. Remember an unlisted company has a whole different set of rules and could quite easily be structured to never show a profit or any benefit to OPL share holders.

    As a none holder I shall not look any deeper but will say it stinks to me.

    download.pdf
 
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