SEQ 0.00% 34.0¢ sequoia financial group ltd

Ann: Change of Director's Interest Notice, page-20

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  1. 6,965 Posts.
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    Hi strauss,
    I mean it is all financial trickery & bears very little to the "real value" of SFG or MDS.
    Sequoia has been trying to backdoor list for a couple of years....initially via Indopac (IDP) , but this fell apart (IDP major holder ,Intrasia Capital is also a holder of Noble Oak).....SFG then shifted to MWS & spent an initial outlay of $800,000 to acquire 20%....A further &200,000 was spent in the rights issue at 0.002.
    Acquisition shares issued to SFG had a "deemed" price of 0.0075.
    "Sophs" were subsequently happy to pay 0.003 & 0.004.
    As if MWS SP is "engineered" to suit Seqouia.
    Makes one wonder if they will actually look after small holders as they look after themselves.
    I sold my initial smallish ( 0.007 entry) position at 0.003 & bought back at 0.002....Useful capital loss..... comfortable holding what I have (average entry 0.0025)....May take up any rights issue if it is offered at 0.001.
    This is a stock traded freely by its directors & major holders.....Can we get the better of them.....Not an orthodox play.
 
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