The latest "deal" selling Bullabulling to Auzex (AZX) undertaken by Pursell and his cronies once again beggars belief, but follows the inexorable path they have undertaken that will, if allowed to be carried out by ASIC's inaction regarding previous anomalies, destroy the Company, and have cost the shareholders mega millions
Is the infamous Foster family plot of land included?
After telling the shareholders for years that Bullabulling is worth a great deal of money, remember him saying that it was worth over a million "just by being in position", another time he said "it was worth eleven million", it had "hundreds of millions of dollars of gold" and so on and so on, now he sells it for $2.1 million, and wait for it, this sum can be paid for in AZX shares averaged out over the previous five days trading prior to the purchase.
HELLO.......the average dollar sales of AZX for the four days prior to this announcement date was $2,120 per day, it's a two bit Company that is virtually untraded, just like NAE, to quote the late Jack Dyer, "this is dejavue all over again"
So this means that the purchasers can "run" the price of AZX up to say 50 cents or a dollar with a few thousand dollars outlay because they say it is a great deal, and JRV will get a paltry number of shares that can then devalue down to their historical level of 15 cents, in other words Bullabulling is been GIVEN AWAY, ALL THIS AT A TIME WHEN GOLD IS SELLING AT RECORD PRICES
WHY? you may ask, didn't Purcell announce this possibility at the now infamous AGM or has he rushed it through during the Christmas period, are all the other directors knowing and complacent with this sale. I hope they remember that the Company must be run in the best interest of the shareholders
Is it being done because he is running out of money and with a $1 million dollar payout to the Chinese (CRR) looming, and unable to deal with his usual puppeteer and paymaster of new share issues due no shareprice upside and with certain authorities looking on, Purcell is fast running out of cash raising options to fund the family
All shareholders must support the coming EGM to remove the existing Board and try and resurrect the Company
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $32.43M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $37.12K | 3.349M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 750000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 3887716 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 750000 | 0.011 |
21 | 8945067 | 0.010 |
15 | 4715098 | 0.009 |
8 | 4351388 | 0.008 |
4 | 3718571 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 3865900 | 12 |
0.013 | 3066371 | 12 |
0.014 | 3491080 | 8 |
0.015 | 3234706 | 4 |
0.016 | 1032872 | 6 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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