I’m sorry but something stinks here. Why has this revised policy come out now? Have the EOY auditors found something? What I noticed is that they have gone from allowing margin loans to banning margin loans using shares as collateral. Hmm… I would suggest people read Note 14 of this release. That seems to be the only material change in the policy?
If I were a shareholder I would be calling the company and immediately demanding to know if a director or executive has taken out a margin loan using shares as collateral and to confirm who is currently in possession of those shares. Then demand to know if those shares have in fact been sold.
I don't like it.
AUG Price at posting:
6.5¢ Sentiment: Sell Disclosure: Not Held
