drk directors behaving badly the directors of Drake Resources have decided to take key assets out of the company and place them in a corporate structure in which they issue themselves 2,600,000 shares at one hundredth of a cent and 3,000,000 free options.Furtherfore they then have the gall to arrange for the Drake to put in $100,000 in seed capital at 10cents a share to assist them in creating their wealth.This they claim is a wonderful thing for Drake Resources shareholders who will have the right to particpate in the new company ipo at 20 cents a share.By the way the directors are not that silly and make it clear they may not particpate at at the 20 cent level.This is all subject to a shareholders meeting to be held on the 15 th of May.A defining moment for the shareholders of this small mining company.
- Forums
- ASX - By Stock
- who bought in for the uranium float
drk directors behaving badly the directors of Drake Resources...
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DRK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online