OEX 20.0% 0.6¢ oilex ltd

Any SPP takers, page-5

  1. 1,815 Posts.
    Well I think the share price will crash even more and Ron will result to going to one of the loan sharks like Darwin or something similar for more funding and subsequent destruction for holders. Management will refuse to trim their own exorbitant remuneration so they will likely repackage it and get the money from somewhere. Isn't Patterson's underwritting 2.5 million dollars worth of the SPP. So really OEX only have to worry about the other 2.5 million if it goes pear shaped to get their 5 million. Although from experience in the spec end of town just because a broker says they will underwrite an offer does not mean they will do it; they will come up with some bizarre legal excuses to get out of a bad deal.
 
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