POW 0.00% 0.8¢ protean energy limited

Surely the only people that could be selling at 0.002 are the...

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  1. 20 Posts.
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    Surely the only people that could be selling at 0.002 are the same people who are getting the Convertible Notes at a 30% discount to us shareholders. It's probably the same mob connected to previous capital raisings to be able to sell that volume at such a low price.

    They have just raised $500k through the Korean sale, and are about to raise another $3Mil through the rights issue - so how can the issuing of a puny $650k Convertible Note at a massive discount be in the shareholders best interests??

    Issuing those Convertible Notes is completely unconscionable, and an unnecessary destruction of loyal shareholder wealth!
    Last edited by missdana: 03/03/17
 
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