I am quite surprised there has not been some sort of 249D attempted by a group of shareholders yet.
The business is not the problem here, unless the books are cooked of course, which is not my suggestion here.
The problem is the management. Some have pointed out the ridiculous remuneration, options, shares bla bla… insider trading etc. What an absolute shit show. Would not be surprised if they intend to push price down further and take this private. Could be the play? But the price action is far from normal.
The CEO’s previous LinkedIn posts are literally borderline upramping. Suggesting things that had not been announced. Incentivising people to buy. Very unprofessional and operating in the grey zone imo.
Probably ASX / ASIC investigation will be prominent
I am quite surprised there has not been some sort of 249D...
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