AFT 0.00% 0.1¢ afg 2023-1 trust in respect of series 2023-1

SHONEIf he does this, why would he not just buy out the sellers...

  1. 3,103 Posts.
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    SHONE

    If he does this, why would he not just buy out the sellers at 0.1c with this cash and buy the shares on market - there will be plenty more off screen at this price as well with people waiting to get out. what you are saying doesn't make sense . that he takes $300,000 of company funds, issues that amount of shares which continually dilutes the company down, and then he gives the $300,000 back to the company for giving him the new issue of shares !!!! Outside it not making any sense, he isn't doing it. He is issuing new shares, diluting the company, and not paying anything for them - its a wage supplement - simple as that - and a failed strategy to the detriment of share holders. He did it in 2012 as well yet there was a back lash so the new issued shares were promptly cancelled. Stone Wang has a lot to answer for. Like I said, maybe this will be able to step back from the edge of the cliff, but it is running out of time. E.
 
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