IPB 0.00% 0.7¢ ipb petroleum limited

Ann: Results of Meeting, page-24

  1. 15,516 Posts.
    lightbulb Created with Sketch. 1279
    TPD was a one off thing mate, nothing is guaranteed to repeat itself for good or worse.

    If the board is reshuffled etc arent you slightly concerned about the following:
    https://hotcopper.com.au/data/attachments/5771/5771024-64578c3926ea275d26547049f00a9aa1.jpg

    Thats 52 million shares between them, and if they were to be booted, Im not sure they would be the happiest of men. Thats a crap load of overhang....

    The other thing is they have been there for a while, what about LSL etc, I can only imagine what there pay outs would be.
    The money its going to cost to reshuffle this, pay these guys out, get someone new in etc, we will be looking at a raise in no time. I just hope they dont screw existing holders in to get some of there mates into this company as well. Im sure the big boys wouldnt allow it or at least anything below 0.009.

    Problem is we will continue to linger around 0.009 until progression is made which is most likely another month or so away in which is the time the market will most likely top...

 
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