Australia's largest stock trading and investment forum Australia's #1 stock forum

BPP

Click for more information

9.09%

0.6¢ babylon pump & power limited

yep its not good.

First 5 Last

Share
Profile

Follow
vincerli

7,234 Posts.

163

04/01/16

13:24

Post #: 16722403
Share

Originally posted by tcf ↑

The reason this crowd got options at 0.000001 cent each is simply because they will restructure IMI on the basis of 1:100 shares. That will reduce the option issue to 3.71 odd million to be exercised at 0.0001 of a cent. If they can get the restructured shares up to 1 cent they will have options valued at $37k for which they paid $371.50 for. But these dudes together with Pattersons intend for a new IMI to be worth much more than 1 cent. If they can get them to 10 cents after the 1:100 restructure the options would produce $370k for the outlay of $371.50.

Meanwhile 98% of existing shareholders will be gone from the register (holding unmarketable shareholdings). The departing Directors have questions to answer as they walk away with IMI shareholders money in their pockets. I hope this suspension is the result of an ASX or ACCC query.

Existing Shareholders are defunct and have lost everything invested in this company. The massive bulk of shareholders will not get a cent of their invested money back. They should vote NO to any proposition put at the next GM and deprive these supposed saviours of making an easy buck out of our ultimate demise. Kill off IMI now and let then screw another company on the way to achieving their ambitions.

Expand

yep its not good.

IMI Price at posting: 0.1¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

PAM

PAM secures high-grade Chilean copper play in strong territory

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

There are more pages in this discussion • 2 more messages in this thread...

First 5 Last

Add BPP (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change 0.001(9.09%)		Mkt cap ! $14.99M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$228.3K	38.05M

Buyers (Bids)

No.	Vol.	Price($)
6	4219816	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	4000000	4

View Market Depth

No.	Vol.	Price($)
6	4219816	0.005
13	6972486	0.004
4	6605009	0.003
4	13945024	0.002
5	37900999	0.001

Price($)	Vol.	No.
0.006	4000000	4
0.007	4524501	9
0.008	10348799	5
0.009	562500	2
0.012	416600	1

Last trade - 15.03pm 29/07/2024 (20 minute delay)

BPP (ASX) Chart