AON 22.2% 1.4¢ apollo minerals limited

Ann: Consolidation/Split - AON-AON.AX, page-8

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  1. 2,489 Posts.
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    Imo, current confused, messy, uncertain, excessive human greed oriented company situation is mainly caused by
    'information asymmetry'.

    Its definition and function can be summarized as follows:
    1.  information asymmetry
    Condition in which at least some relevant information is known to some but not all parties involved. Information asymmetry causes markets to become inefficient, since all the market participants do not have access to the information they need for their decision making processes.
    2.  What is 'Asymmetric Information'
    Asymmetric information is a situation in which one party in a transaction has more or superior information compared to another. This often happens in transactions where the seller knows more than the buyer, although the reverse can happen as well. Potentially, this could be a harmful situation because one party can take advantage of the other party's lack of knowledge.
     
    3.  Information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other. This creates an imbalance of power in transactions, which can sometimes cause the transactions to go awry, a kind of market failure in the worst case. Examples of this problem are adverse selection, moral hazard, and information monopoly. (source; Wikipedia)

    As a retail shareholder,
    1.  I can not accept another 1-for-4 consolidation. This is actually another share dilution (or sacrifice or bloodbath)
    2. I absolutely do not want incoming and outgoing chairs hold majority(definitely more than 50%) of company shares.
    We must not allow them to privatize AON by investing only around $1.5m based on above existing shareholders sacrifice  
    and bloodbath decorated by absolutely unacceptable plausible words and sentence.
    3. We must not let so called 'Eligible investors' buy proposed new shares at about 50% discounted price.
    Please absolutely keep in mind that above 'Eligible investors' are incoming and outgoing chairs, directors and possibly
    some company staffs only.
    4.  We have roughly around $200,000 balance money and $130,000 tax rebate money  and possibly DMY EIS fund
    $150,000. Even without EIS $150,000, we can make at least 3 deep (AC & DC) drillings at some north of Plato.
    5.  It is absolutely not too late even if we can take any possible further actions after drilling results at Plato.
    6.  Personally, even worst of worst case, we can sell FR JV right at far, far more higher than current market cap.
    7.  Personally it seems that current SP have been  controlled intentionally in order to be current privatisation scenario.
    8. Even tomorrow the sky falls down or the earth tears apart, I prefer to be a master of my own life rather than disgrace.

    Regards,
 
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Last
1.4¢
Change
-0.004(22.2%)
Mkt cap ! $18.10M
Open High Low Value Volume
1.7¢ 1.7¢ 1.4¢ $83.09K 5.358M

Buyers (Bids)

No. Vol. Price($)
6 337195 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 1107938 3
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