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Turnaround story could be happening in play. CEO recently bought...

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hussman

829 Posts.

97

22/04/22

11:00

Post #: 60964863
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Originally posted by topcat1: ↑

I'm a shareholder of IGN and just got a letter from major shareholder Octavium. They want a board seat to help unlock the value.

They are saying profit could be $3-4m p.a. so with a current market cap of $14.5m, that gives serious upside if they execute. And there's franking credits and tax losses too.

However, why hasn't management executed on this already? And it also looks like the board doesn't have much 'skin in the game'.

Unless I'm missing something, is it not time for a bit of change of the Board?

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Turnaround story could be happening in play. CEO recently bought 10% of the company at 0.18c. Would think thats enough of an incentive.

IGN Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.0¢		Change 0.000(0.00%)		Mkt cap ! $9.791M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	291157	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	20000	1

View Market Depth

No.	Vol.	Price($)
1	291157	0.060
1	72159	0.054
1	30330	0.033
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.066	20000	1
0.105	25000	1
0.000	0	0
0.000	0	0
0.000	0	0

Last trade - 16.12pm 06/05/2024 (20 minute delay)

IGN (ASX) Chart

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