OAK 0.00% 6.8¢ oakridge international limited

Timeline of strange recent events

  1. 3,407 Posts.
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    Fact: 7 November TH request re "proposed capital raising". Extreme negative sentiment across multiple platforms while others reserve judgement and those who were most optimistic hope it is another strategic acquisition.

    https://research.nabtrade.com.au/uploadhandler/z05f2110az7a09d0d4d13c41af86287e745b69921c.pdf

    No mention of Telink or MOUs...

    Fact: 9 November arrives, the date Trading Holt is to be lifted and XPE go into suspension to "The Company requests a voluntary suspension of its shares from ASX while it seeks to finalise the proposed capital raising"...

    https://research.nabtrade.com.au/uploadhandler/z04f2110az9ffe7fe233f544aa973be4efaf70987a.pdf

    No mention of Telink or MOUs...

    OK still with capital raising but WHY a one week voluntary suspension? Rumored amount for initial CR among those who have close connections with sophisticated investors, brokers was 2.9 but that it was struggling to fill entirely

    7 days of absolute chaos across multiple platforms ensue...fear and loathing on a scale larger than anything Hunter S Thompson could have dreamt. Shareholders are pissed and fearful. Talk of company resolutions and the upcoming AGM turns its focus to what some say is an example of greedy management wanting to line their pockets...

    Numerous emails are sent to Xped management; significant pressure and shareholder unrest builds during suspension.

    Fact: 16 November arrives and Xped announce that they are not capital raising but proceeding with a loan allocation of "Premium" convertible notes, essentially a loan with significant interest attached. Company reports that a SPP of up to $15k at 3.3 (higher than rumored CR offering to in stops at 2.9) is also to be offered. NO specifics regarding the exact reasons for securing expensive finance.

    https://research.nabtrade.com.au/uploadhandler/z07f2110az4e1da18f068245b08124394e8e89ce4f.pdf

    No mention of Telink or MOUs...

    Fact: Share price quickly pumps to 3.7 and is sold back down to 2.8/2.9. Market pisses all over the handling of the proposed CR debacle and SP returns back to 52-week lows on 17 November.

    Long-term shareholders despair and focus returns back to voting NO to company resolutions this coming AGM and also to the preliminary SPP offer.

    Significant pressure is being put onto management by shareholders because of recent issues regarding lack of information regarding MOUs and perceived lack of transparency.

    Fact: 18 November (2 days) after suspension lifted Xped decide to update on progress of MOUs, reporting that tech porting onto chipsets has completed.

    "Oh but wait, we can't tell you who they are just yet, we have to ask permission from chipset manufacturers"...

    SP is propped, pumped and traded and all of a sudden everything is rosy again.

    And all this less than two weeks out from the AGM where management are going to ask that people vote yes to the very remuneration and incentive packages shareholders so viciously opposed.

    Does any of this register?

    Is that not all to convenient? In the space of 2 days this has all of sudden happened?

    I can see why it would strike some people as odd.

    I can see why some people might think that management might just be telling people what they want to hear.
 
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