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they have to keep the pay packet coming in, before they conjure...

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harlon123

25 Posts.

5

10/06/24

17:42

Post #: 74246562
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Originally posted by Dentie: ↑

@siren4 .... If it were me, I would have shut the whole thing down years ago. IMVHO, it should be an embarrassment to the ASX that they allow this "thing" to continue with its listing as a public company. I have no doubt there are many others listed who shouldn't be.

In fact, I think ALL public companies share prices should be listed in "real" terms ... not "nominal". By way of example, here is how it looks for AN1...

Any nominal "value" (which is patronising to even put in the same sentence with AN1) has been well inflated away I am sorry to say. There is absolutely no real value here.

Again, IMO, if the Board had any financial or business integrity towards their shareholders, they should have either shut the company down in February 2022 or else had the company buy back its own shares, pay the shareholders out and gone back to being a privately held company. But no, what did they do instead? They diluted the share price even further by doing another capital raise under the guise of another sexy M&A deal.

All these buggers just treat the small retail investors as simply providers of $$$ to load their financial washing machine.

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they have to keep the pay packet coming in, before they conjure up the next super flop to sell to would be punters

AN1 Price at posting: 0.7¢ Sentiment: None Disclosure: Held
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