BIO 0.76% 65.5¢ biome australia limited

Haha...The worst ipo in the 2021..., page-10

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    Just had a quick look at this as it really is a standout plunge and I also recognise the brand. From
    a quick scan of the financial statements it looks like, relative to revenue, a huge amount of share-based payments were made to employees/contractors in lieu of regular wages or fees? This surely would be an invitation for trouble if they weren’t locked up/escrowed. I wonder how this was this allowed to happen.
 
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