EIO 3.57% 29.0¢ energio limited

I have noticed in the last announcement 49,000,000 shares...

  1. 125 Posts.
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    I have noticed in the last announcement 49,000,000 shares issued, $200,000 paid
    Not sure what this means where shares issued at 1C so 20,000,000 share issued at 1c what happened to the other 29,000,000 shares are they performance shares
    From reading previous posts I thought they were trying to restructure reduce the amount of shares on issue??

    Does the directors of the company know what the structure of these share are?

    Does Soaring securities clients get allocated these?

    Will StoneBridge Securities clients get these?

    What are they exactly about.

    I would like somebody to shed some light on this.

    My concern are they have been given to clients cheap and they are bleeding them out in the market at the moment not really supporting the stock at all getting in and out for a quick profit.

    Similar to another stock MUI which from what I have read issued a lot of shares at .001
    You have seen what has happened to this company.




 
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