@arsenic
If that is the situation, one might wonder why Gina and Co. are not upset. It could be because the 'golden handcuff' individual is receiving shares at the lowest possible share price.
What does this imply? It suggests that Gina and all new equity partners are complicit with this individual, benefiting from the low share price ahead of the anticipated raise. It's troubling that the chairperson could orchestrate this, and then DC could promote it by returning 120 million shares to short sellers to further depress the share price.
This doesn't even touch on the budget failures and poorly timed capital raises that excluded Share Purchase Plans (SPP), instead granting options to institutions. Why? We were informed it was to add them to the register, only to see these shares immediately returned to short sellers the same day—a pattern that has occurred for two consecutive capital raises. This is unlikely to be a coincidence.
Posting the full extent of this questionable scheme might reveal whether it was a deliberate and calculated act or merely careless and reckless. In either case, it would be a breach of ASIC Section 300A.
They are angry enough here, having value stolen.
@arsenicIf that is the situation, one might wonder why Gina and...
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