Hell yeah. they knew. And the plan goes like this. We will turn GGE into our own little play thing. forget morgan their is no rhyme or reason to what he does. but burton he knew that he could only get volume with out spiking the price by taking out mac bank. the pay off will come when they do the cap raising. they may cut the punters in or just be f selfish and take the placement himself at say 1c pre consolidation numbers. yes they will do a cap raising u see. then say he is behind the assets ( read shale gas) being sold in? who knows. then the cash he puts in on a placement is flicked out straight to him or his associates. No independent valuation no probs.
one things for sure the MD is no longer calling the shots.
My bet is Burton will end up owning far more of the co than he actually pays for. If you get my gist.
Could be wrong. But when you see a guy of his standing buy a big chunk of the company and doesnt want a board seat, you can smell a rat.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.52M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $406 | 69.38K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 11621206 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1301076 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 11621206 | 0.005 |
12 | 5545209 | 0.004 |
6 | 3740009 | 0.003 |
8 | 6055000 | 0.002 |
6 | 8900000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1301076 | 6 |
0.007 | 3262856 | 7 |
0.008 | 4645177 | 12 |
0.009 | 342500 | 4 |
0.010 | 595653 | 4 |
Last trade - 11.30am 29/07/2024 (20 minute delay) ? |
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