tictac, what else did you really think would happen if they gave their mates 130m shares and options for unproven land?
Tradeable shares went from 17.5m on listing to around 150m with no real benefit to the company so obviously the sp would suffer, and have a flow-on effect to GPN and their now defunct options.
5m YRRO to DM & JG for giving their mates control of YRR. They gain, their mates gain and shareholders who had to actually pay for what they have are the only losers.
Expect them to take free options in AGU as well in the near future. They started with GPN, then YRR so AGU next. They never miss out, neither do their mates.
They don't even have the decency to answer straight questions when asked. I proved that at the last GPN agm when I asked who Whitvista was and DM said he didn't know. Dont know? What a joke. Management is handing them shares hand over fist and have no idea who they are? They mention them in ASX announcements but don't know who they are? They mention them in the YRR Prospectus but don't know who they are? Whitvista among other related companies which also got the free shares worked out of the office next door to GPN/YRR office in Northbridge but management don't know who they are? They were controlled by the major shareholder in GPN but they don't know who they are?
Do you really expect them to give anything back to shareholders, let alone their free options?
Trust them at your peril. Believe only what is released through the ASX.
YRR are cheap atm imo. Good for those wanting to get in, still good for those who received 130m free shares and options, good for management as they have 2.5m free YRRO + wages from all 3 companies (another lurk - 3 companies sharing 1 address and resources = 3 directorship salaries each), bad for those who trusted them. Ditto GPN & AGU.
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