WOA 0.00% 2.0¢ wide open agriculture ltd

Ann: WOA signs binding MOU with Jay Albany for sale of DCF, page-5

  1. 178 Posts.
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    What a joke, surely this is the definition of a conflict of interest. Jay and his COO wife take $1.5m+ out of the business in wages and shares over the years then basically get given DCF with all the assets and goodwill.

    Am I reading this complicated and woefully structured deal right. No full cash payment to us for 5 years!!! Only $500k cash paid to WOA in 3 years! They should admit DCF is worth nothing as writing it off would cost less than making this mess of a deal work out in legal costs alone..

    https://hotcopper.com.au/data/attachments/6023/6023448-07225e7dd165fcd43682bf368837ff9d.jpg
 
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