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

my view, page-8

  1. 88 Posts.
    lightbulb Created with Sketch. 2
    ecneitap wrote:
    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.
    *****************************************************

    Yes you are correct, i didnt explain myself correctly,
    but to clarify something , he would still have the free issue shares from 2012, refer to ann: 2nd March 2012 , its called an "employee incentive scheme" Stone got issued with 360 million new shares, which means he has $360,000 to cash in, he has not done this as yet, because their is not enough cash left to steal from the company.
    So he will have to wait awhile, i was expecting him to take small chunks of money from the company bank account this time,. maybe $60,000 at at time so no-one notices , but he has yet to do this

    (the year before in 2011 , i think he cashed in $300,000 of free issue shares around Oct 2011 )
 
watchlist Created with Sketch. Add AFT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.