BPP 9.09% 0.6¢ babylon pump & power limited

Issuing approx. 2billion new shares to fill up the feed bin to...

  1. tcf
    6,862 Posts.
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    Issuing approx. 2billion new shares to fill up the feed bin to around $900k.

    The only plan appears to be to paid off potential liquidation debt and to pay directors fees.

    No stated plan to acquire or consider acquiring. Even a directors night at the casino would be tempting to consider at this stage.

    Then they will halve listed shares back to around 1.5 billion shares.

    What option does a shareholder have but to approve this ridiculous concept!
 
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