Perhaps ask them why all the company's they are in seem to go...

First 601 Last

Share
Profile

Follow
mackeral

3,741 Posts.

266

09/11/22

14:08

Post #: 64671943
Share

Originally posted by amb005 ↑

Good on you, ask the hard questions face to face and see if they have the answers. By now they should be well aware of how this decision making looks.

You locked away 5.8 million in terms desposits, for whatever interest we dont know, but nowhere near the value thats been wiped off the table, we've gone from 1.4-1.5 trading (17 mill market cap) to 12 mill market cap, so lost over $5 mill in market cap for this decision to lock away the money, and then do a cap raise at the lows, and again diluting shareholders by 10%. How on Earth do you make a decision like this? Anyone with half a brain can see its not the way forward, if you have money, dont raise at a discount and dilute holders.

So whilst trying to get maybe 5% if your lucky, the term deposit will generate $250k in interest, meanwhile this action has taken away cash that they needed, wiped off $5 million in market cap, and eroded any trust we had in management. I cant trust management like this, and now starting to see why SBR and MLS are where they are at seeing as the the same characters that run GED run these companies as well.

Would love to see this put to them at the AGM and a recording of how they squirm their way out of it.

Expand

Perhaps ask them why all the company's they are in seem to go backwards for some reason...
Tell them they cannot deal with the workload because the actually do nothing for shareholders and ask them who is really running these company's as it's the same few top shareholders in all..
Funny that hey..

GED Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

First 601 Last

Add GED (ASX) to my watchlist

(20min delay)
Last 2.9¢		Change 0.000(0.00%)		Mkt cap ! $4.394M

Open	High	Low	Value	Volume
2.9¢	3.0¢	2.9¢	$4.381K	150.7K

Buyers (Bids)

No.	Vol.	Price($)
3	305628	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	538918	1

View Market Depth

No.	Vol.	Price($)
3	305628	0.029
7	850059	0.028
5	584115	0.027
3	411715	0.026
3	650080	0.025

Price($)	Vol.	No.
0.030	538918	1
0.031	144000	1
0.032	305529	3
0.033	536800	4
0.034	547436	3

Last trade - 13.47pm 12/11/2024 (20 minute delay)

GED (ASX) Chart

Perhaps ask them why all the company's they are in seem to go...

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Perhaps ask them why all the company's they are in seem to go...

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Trump is President Again: What Does This Mean for Crypto?

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News