The over dilution of shares is not the fault of management. Management are working with a deal made by Bio-MD management when Allied Health needed a public company to use as vehicle into the Stockmarket
Bio-MD management did a deal with the devil where Allied Health were given 6 shares for every one Bio MD share. This one sided deal went through with very little consultation with BOD shareholders.
Allied Health gained a 6 to 1 deal despite bringing less to the table than BOD who actually owned 70 % of Cardiocell. Allied was a company generating 0 profit and had a vaccine that was in early stage development. Several years behind CC.
Why this deal was done I cannot comprehend. Stupidity of management and the major shareholders that let it happen.
I am not sure if this might be the core of the doctors argument that are suing the company? As I am not privy to the details of the case.
However we were left in a position of the necessity to raise money but in order to do so major dilution of stock.
Choice to management is live with it or do something about it.
I have mixed feelings about the 10 to 1 proposal. But it would be good to dump the short term traders. Nothing but parasites.
- Forums
- ASX - By Stock
- Consolidation
The over dilution of shares is not the fault of management....
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AVR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$11.55 |
Change
-0.130(1.11%) |
Mkt cap ! $244.1M |
Open | High | Low | Value | Volume |
$11.71 | $11.89 | $11.41 | $703.3K | 60.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2 | $11.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.83 | 500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 11.550 |
1 | 1341 | 11.500 |
1 | 1000 | 11.400 |
1 | 2 | 11.260 |
1 | 8 | 11.220 |
Price($) | Vol. | No. |
---|---|---|
11.830 | 500 | 1 |
11.900 | 1000 | 1 |
12.000 | 5317 | 2 |
12.400 | 198 | 1 |
12.500 | 429 | 1 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
AVR (ASX) Chart |