It is very sad day for all share holders who are waiting for a reasonable announcement, now turn up nothing for our good shareholders.
So, where is the company's credential for this decision?
I remember, The company known the story of MBN in last 3 days, MBN still let it trading o asx, but they sopped TSX trading at sometime, why is that?
3 days let , they made a suspension on ASX. since then, they put a number of announcement, it sounds like the MBN will survive, and discuses with relative parties.
There is no transparency at all on market.
But insider traders were snaked off, at the least sell some shares on market to cut loss before suspension occurs, if this is case, it will be very serious issue, that should be looked at.
Also, there is no fair on today's announcement, why existing shareholders are not be considered to participate capitalization? --- why is that!!!
So many to concerned on this incident, independent body should be deployed to look into the details....
Stand up all shareholders and do not let management use their power to abuse shareholders' rights.
This is your money, this is your company...
Is anyone having any thoughts?
MBN Price at posting:
1.6¢ Sentiment: Hold Disclosure: Not Held