Interesting is it not? The directors are the major shareholders. In Dec. 2000 they sold a slice of their company to the public for 50c. Just over two years later as underwriters - assuming most shareholders do not take up their entitlement - they get to buy a big chunk of that equity back at 11c.
Sell for 50 and buyback for 11 - sounds good to me.
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NTG
national telecoms group limited
Interesting is it not? The directors are the major shareholders....
Add NTG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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