more than 2 years ago Ian King joined the board and I remember the ra-ra squad praising him as the saviour of financial issues because of his involvement with BBB Capital. MNM had 1,008,305,02 shares on issue.
As per today AUL has 1,927,665,329 shares on the register.
How come management opted for a 3B death spiral at the hands of last resort lender Magna instead of some financial deals done by the hailed saviour in favour of shareholders wealth?
Doubling the amount of shares is certainly not a good look and with the speculated CR of $4M that could easily add another 800,000,000 shares to the register...
Not sure if i’d praise management for such an “achievement”...
of course all IMO
AUL Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
