SPX 14.3% 0.8¢ spenda limited

shareplacement relating to resolutions 6 & 7

  1. 59 Posts.
    Hi All,

    I find it unjust and corrupt that the board did offer the share placement (with 5 free attaching options for every 1 share) to ALL SHAREHOLDERS. No, it was offered to a select few with IMO a hidden agenda, to be able to cease control the of company.

    Why else would you give away 50% of the company for just $300K??????????????????. Clearly they have no business accumen at all, worse deal I have ever seen on the market!

    Step aside current board, you have no idea what is required to take a company into profitable territory, and there is still a close link to former director Canarvo, which is the biggest concern!
 
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