Yes Snowy, that had me scratching my head too......firstly it was good to take over CU2....because that was the only revenue resource that Motopia had....now it's good that CU2 has paid Mot back the loan and consequently the stake in CU2 has diminished.
And BTW I'd be interested to know how CU2Global is going to 'raise capital' to pay Mot back...are they going to have a share issue of their very own?
I could be wrong but Motopia raised money [issued more shares] to finance the takeover of CU2...and now they have the money back....to be used for???.....director's fees?...the rent?....long lunches?
And when the dough runs out again I guess it's time for a brand new venture!!!......and hey!.....another share issue!!!
Ann: Repayment of CU2 Global Pty Ltd loan to Motopia, page-8
Add SPX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $47.56M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $45.66K | 4.573M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1468051 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3174353 | 6 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| SPX (ASX) Chart |