They can't and shouldn't spend funds on whatever they see fit. They have duties as directors.
https://www.asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/directors-what-are-my-duties-as-a-director/
One of the reason DGR can't easily maintain its % in SOLG is because it trades at a big discount.....which is probably largely because of the other investments the directors have made in their daughters.
Also how can any of the directors keep their personal % in SOLG (if that is what they do) and dilute DGR holders....that would seem a bit inconsistent.
Not saying they don't have a plan...no doubt they know a hell of lot more than me...just seems odd from an outsider's point of view.
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Last
2.3¢ |
Change
-0.003(11.5%) |
Mkt cap ! $24.00M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.0¢ | $646.7K | 28.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1321645 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 401784 | 5 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| DGR (ASX) Chart |