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
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.48M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $6.933K | 630.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 740532 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 296210 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 740532 | 0.011 |
5 | 2051000 | 0.010 |
4 | 859667 | 0.009 |
3 | 1110000 | 0.008 |
1 | 200000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 296210 | 2 |
0.013 | 188013 | 2 |
0.014 | 268000 | 1 |
0.015 | 600000 | 2 |
0.016 | 1100000 | 3 |
Last trade - 15.44pm 04/09/2024 (20 minute delay) ? |
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DGR (ASX) Chart |