Shares issued monies not paid. What the hell are they doing here! The idea of shares being issued is so money can be raised. The problem management have is issuing shares to make people money, not raise funds and look after the company.
The Bergen deal was another party that got a deal so good it was a guarantee win for them with no benefit for share holders. This management teams time has long passed and the new world is now taking advantage of them. They have proven they do not know how things work in today’s world, used by date long passed which is reflected in the share price and current dealings. The company won’t survive much longer without change. I think if the MD has any honour and pride left in him he will resign and do this quickly with an explanation of how things have gone so wrong. At least he will then leave with some respect and give the someone new a chance to step in and take it to the next stage of development.
APG Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
