SEQ 0.00% 34.0¢ sequoia financial group ltd

Ann: Change of Director's Interest Notice, page-23

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  1. 6,965 Posts.
    lightbulb Created with Sketch. 58
    Roughly 2.5bn acquisition shares were issued at a "nominal" price of 0.0075 ( no cash outlay , but a large nominal capital loss)....The rest were acquired either on market & via rights issue at an average price of 0.005 (they have actually paid cash for these..... a large real capital loss)
    The weird thing is that it is SFG vendors that are selling & pushing the price down before they give themselves a chance to tell the market how good (or bad) they are.
    A very tricky one to deal with....You don't know when the directors decide to prop or sell off to suit them.
    "Sophs" paying 0.003 & 0.004 while directors are selling is somehow comforting.
    Expect rights issue at 0.001.
 
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