EPY 0.00% 16.5¢ earlypay ltd

money back?, page-2

  1. 3,674 Posts.
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    You don't automatically recieve a 'cash back' per se. The rights issue was open for a limited period and you had a small period to buy / sell your rights on the market.
    I sold mine for only $0.001 per unit which is only 1/10th of a cent each. After brokerage I ended up with enough for a coke and sandwich! The unsold rights just expired.

    You may remember Loh tried the 'takeover' option in March which for some reason went pearshaped so he now controls the company through the issue of more shares which has diluted us out that didn't buy more shares. The whole business actually cost him a lot of money too so he needs to make all that back.

    I see the next year as being quite interesting. A move into China maybe? Loh needs to do something inspiring soon otherwise his hard work to date will just go up in smoke.
 
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