AYN 0.00% 0.1¢ alcyone resources ltd

Latest Appendix 3B announcement. Another 10 million shares...

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  1. 539 Posts.
    Latest Appendix 3B announcement. Another 10 million shares issued at $0.01c, presumably to management. Granted less than 1% of shares on issue, though I predict we will see these sold over the next week or two. Timed by management to coincide with release of good news and an investor presentation?

    Company itself gets 100K and if sold shares will net the party involved about 450K profit at current prices. Not bad for a days work, all at our expense.

    And don't forget the wall of 52 million options exercisable at 6c each.

 
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