I will freely admit that I am more than a little confused as to what Michael Gregg and Martin Green have been thinking throughout this rollercoaster of a journey. At one point, I thought Michael thought he had been 'sold a pup' by Martin and wanted out, but then they both doubled-down and went all in.
I'm now thinking that it isn't a case of 'keeping shareholders cornered', but more of a high-risk, high-reward opportunity for them. They saw a floundering business they felt they could save and went for it. I'm even starting to think that the buyout of PURE's loan by Gregg & Gelba was pre-meditated from the start - a way to ensure that nobody else had the power to wind the company up over a missed payment or two.
I will say one thing - this whole saga illustrates exactly how the stock market increases the wealth inequality divide by design. Small time investors have put in maybe a few thousand dollars, and for them, that is a life-changing amount of money. Gregg and Green have put in over $10M combined equity and in reality, that's chump-change for them (I think Michael Gregg is values at something like $500M). If Gregg & Gelba do manage to turn things around, they stand to rake in millions, while the smaller investors will get back only a few thousand.
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I will freely admit that I am more than a little confused as to...
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.933M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 700000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 199988 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 700000 | 0.017 |
1 | 400000 | 0.016 |
6 | 1999466 | 0.015 |
2 | 235715 | 0.014 |
1 | 65454 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 199988 | 2 |
0.023 | 255456 | 2 |
0.024 | 270882 | 2 |
0.025 | 470199 | 2 |
0.027 | 460401 | 1 |
Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
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