a $42m market cap company buys another for $35m, using $16m of placement at, say, 5 cents puts another 320M of shares to Kanji. the remaining circa 16M shares (either placement or equity swap to the owners) means that there is circa 1.3Bill shares on issue.
so, with Kanji going from 0 to circa 460M shares in a little over a month and a week after becoming a director... and then an acquisition. would he have been better informed than the market when he was buying the shares?
just wondering.
anyway, looks like he's in control
ST1 Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
