Occurred to me that this info should belong in this thread as it’s very interesting.
Some guy has done the numbers on Everblu’s shenanigans at Creso/Melodiol and how that’s cost shareholders. Turns out that beyond cash payments and whatever else ASIC has mentioned, they’ve been issued almost 1b options for capital raisings since late 2020. That’s a bit hit on the capital structure. The site (link here for anyone curious https://www.raretriples.com.au/bad-threats/broker-deals) has broken the numbers down + some nice info on other companies that looks to be doing the right/wrong thing.
ME1 just needs to ditch Everblu if the numbers is anything to go by…
CPH Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
