That is a stretch of a statement in this circumstance. He is an executive director of Cyclone metals and he used EUR investors money to prop up this company that never realistically looked like it had a snowballs in hell of paying this money back.
This part of the announcement is just a straight out terrible deal no matter what way you spin it. We have got equity in a company at 0.02 which is a 50% premium in a company that has not hit this price in 5 years.
Consider this money virtually written off. In fact it is probably a smart way to essentially write of the money without having to tell EUR investors we pi$$ed that money up against the wall supporting TS side hussel
- Forums
- ASX - By Stock
- EUR
- Ann: Trading Halt
Ann: Trading Halt, page-75
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EUR (ASX) to my watchlist
|
|||||
Last
5.1¢ |
Change
-0.002(3.77%) |
Mkt cap ! $71.30M |
Open | High | Low | Value | Volume |
5.3¢ | 5.5¢ | 5.1¢ | $51.73K | 975.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1155385 | 5.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 257307 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1135385 | 0.051 |
3 | 345000 | 0.050 |
2 | 31103 | 0.049 |
3 | 38000 | 0.048 |
4 | 250297 | 0.047 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 232307 | 1 |
0.055 | 263798 | 1 |
0.056 | 20000 | 1 |
0.057 | 240874 | 1 |
0.059 | 10000 | 1 |
Last trade - 15.59pm 21/06/2024 (20 minute delay) ? |
Featured News
EUR (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online