AGH 0.00% 3.0¢ althea group holdings limited

It appears that the stock price has almost halved from its high...

  1. 691 Posts.
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    It appears that the stock price has almost halved from its high only a few months ago. is it possible that people are abandoning AGH as they feel it was too generous a deal for Greg Battersby. It seems as if Greg was a director of AGH until late March and then stood down and exactly 6 months later, AGH bought the facility off Greg for what can only be considered a very generous price. $4.1m cash plus up to 26million shares to Greg and his employee shareholders. (bear in mind that the capital raise was done at $1=$1 share). They have also provided a debt facility of $1.5m to Peak to help them. This strikes me as a very one sided deal and I suspect this is the deal that has killed Althea. It would be very challenging for Althea to come back from this:
    https://hotcopper.com.au/data/attachments/1781/1781777-8d2dbc3e249e956bb1036b650aaa512a.jpg
 
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Mkt cap ! $12.15M
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Buyers (Bids)

No. Vol. Price($)
2 508 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 33310 1
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Last trade - 16.12pm 12/07/2024 (20 minute delay) ?
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