ODN 0.00% 0.0¢ odin energy limited

We had a CR at 1.2c for this aquisition. ODN managed to solve...

  1. D.D
    3,161 Posts.
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    We had a CR at 1.2c for this aquisition.
    ODN managed to solve the 4m debt.
    Now the same SHs experience a consol at 1:35 with CR at 20c.

    Well done management. Borrow money from SHs to pay your debts and then dilute their shares by 50% again.
    In the process you get 50m CR shares (for each director) while our shares are consolidated to 16m (altogether)

    If you can't match the CR price of 1.2 c match the current SP.
    If that is not possible atleast make the deal a little fairer.

    It's a NO to 1:35 consol.
    Last edited by D.D: 27/07/16
 
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