GPP 0.00% 0.1¢ greenpower energy limited

Ann: Appendix 3B Placement, page-4

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  1. 4,294 Posts.
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    So nice of them, so instead of the 125,000,000 shares issued at $0.006c, they issue 150,000,000 shares at $0.005c.   Every single person that took up shares in the recent Share Purchase Plan should be on the phone to them, this is getting to be the ultimate kick in the guts to the shareholders, and this placement should be seen for what it really is, a grab to get more shares to "friendlies" that will support the current management team in any attempted spill.
    They are bordering on incompetence with no regard to their shareholders, GPP are not short of funds as per the spreadsheet (approximately we have $3M in the kitty) that includes $ commitments to Kopang.

    Screen Shot 2018-06-15 at 9.24.50 AM.png

    Still don't understand why they haven't announced who the placement was to ....... and they write BS in the announcements saying that there is no information that has been excluded in their conformance to continuous disclosure.
    The sooner this board are thrown out the better....... disgraceful

    Just on saying that, a change of board will put the share price under further pressure, but they way this management team are performing it surely couldn't get any worse.......

    All IMO only .....
    Last edited by fooca: 15/06/18
 
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