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.
SEQ Price at posting:
0.2¢ Sentiment: None Disclosure: Held
