I'm not supporting the sale. Disgusting outcome.
What did I say about being sold down the river? Absolute disgrace. Boynton and the remainder of the Board should be ashamed of the enormous value they have destroyed. Honestly - one of the finest resources in the country and the most imaginative thing they can come up with is selling the farm for less that 2 cents a share. Joke. Not even an opportunity for a script deal? Especially after watching the share price being gamed for over 12 months. The only thing that has been done effectively is ruin a great opportunity and ruin the reputations of all involved.
Also - where's the competition on the bid? In my experience single bidder auctions don't derive much value for vendors! Board should be creating competitive tension with at least 3 bidders. Very slack on their behalf and nothing short of a cop out. Honestly, if you can't create value in something, hire some management that can rather than rolling over to the detriment of the entire shareholding.
China 1 : Australia 0.
As a country we will look back and regret these mindless decisions.
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- our board just sold the farm for $0. vote no!
our board just sold the farm for $0. vote no!
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.200M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $200 | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 15925000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 11846217 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 15925000 | 0.002 |
17 | 31507302 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 9166217 | 11 |
0.004 | 6660544 | 10 |
0.005 | 6319204 | 6 |
0.006 | 2562493 | 6 |
0.007 | 820733 | 6 |
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