My concern is that the shareholders are about to be sold out in a mates deal that suits the insiders and an external business. There is no reason they should flog a whole pile of shares at 12 cents to an outsider, when they are considering "buying" the outsiders business. I think grubby fingers might be trying to separate shareholders from their equity in this company, and offer the equity to somebody for some sort of quid pro quo.
I'm very annoyed at being stripped of my equity here. I would hope that loyal shareholders get an opportunity to balance the books here with an offer that excludes the recent recipient at 12 cents. Funny that the SP went up as soon as we lost about 10% or so of the underlying equity per share. Any media attention seems good.
MM
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