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absolutely agree, but no the ASX is only interested in issuing...

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921 Posts.

01/06/16

14:15

Post #: 17924067
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Originally posted by jeans_sammy ↑

TV2 - Another dodgy game by ASX listed company.

"Issue of Shares in satisfaction of corporate advisory and business development activity fees
• Issue of 75,000,000 Shares based on the last traded Share price at 30 May 2016 of $0.054"

Are you serious ? Which company pays over $4m to corporate advisor. Seems really dodgy. Such fees should be decided before RTO as fixed dollers ($500k-$1m) and should be paid in shares by considering VWAP. Here they handed over shares worth over $4m. For what ???
Share holders, ASIC and ASX should really question the board.

Was any share holder aware of the fees of $4m before or after RTO ? Was it in any prospectus ?

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absolutely agree, but no the ASX is only interested in issuing speeding tickets not investigating the possible root of such behaviour.

Back ot - ISX churn masking some solid linewipes. Most likely a multi day move, however
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