Can someone please correct me if my assumptions are wrong on this latest share allocation to 3 "special" members of DDT staff? Why on earth would anybody in their right mind borrow money to buy shares at 450% of their current traded value? If you were that committed to the Company's future and had that much belief in their future success, you would use the loan to buy readily available shares off the market and end up with 4.5 times the number of shares, and be able to trade them whenever you wanted.
The way I read it is that DDT have facilitated a loan to buy 40,000,000 shares at 2.7c each. 3 staff then use that loan to buy the 40,000,000 shares from DDT at 2.7c each, totaling $1,080,000 - effectively new capital to DDT. The staff then pay off the loans for those shares over a period of time. The bit that might be missing is that each of the 3 staff get pay rises sufficient to pay off the loans. If this is true, DDT receive $1,080,000 working capital, the loans will be paid from DDT revenue partially generated by the new working capital not from the staff themselves, and the shares cannot be traded until their value exceeds 2.7c, a pie in the sky possibility by any stretch of the imagination, so the staff members can never benefit from trading those shares! A capital raising hidden under a share benefit scheme for employees perhaps?
Does Ponzi come to mind for anybody else here?!!!
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Mkt cap ! $3.632M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 3266350 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 573100 | 4 |
View Market Depth
No. | Vol. | Price($) |
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5 | 1684641 | 0.006 |
6 | 6276315 | 0.005 |
4 | 1430000 | 0.004 |
3 | 3296262 | 0.003 |
8 | 8550000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 979869 | 3 |
0.008 | 3300000 | 5 |
0.009 | 181061 | 3 |
0.010 | 757593 | 4 |
0.011 | 300000 | 2 |
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