Major shareholders have appointed/voted for their board members and those board members obviously know what the CEO is doing. The CEO of a company alone does not decide on dividends anyways. That is for the board to decide. The CEO of a company also can't just go out and spend $300 million without board and major shareholder approval.
No one can take MGX over and get 'free money' because the second they start to buy up shares the SP would rocket. No one can make an opportunistic offer because shareholders would obviously vote it down. Until the board can find a good large scale investment opportunity we're just stuck in investment purgatory.
Why do major SHs let CEO hold big fund in MGX?, page-3
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 31.0¢ | 29.0¢ | $332.0K | 1.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37786 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 12500 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |