AMD 33.3% 0.2¢ arrow minerals ltd

Ann: Share Purchase Plan Completed, page-32

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  1. 16 Posts.
    Truly disturbing outcomes..Many of the faithful had invested in SEG when Nickel was the shining light of the hopeful...shades of Sirius.
    The goal posts shifted and Gold, Lithium have been the falavour of the day...for exploration..all have involved serious cash burn. To maintain the salaries of the movers and shakers at board level capital raising and share packages to geo companies have been the norm.
    All while encouraging the hopeful that the goal posts are really only receiving a new coat of paint...The real rub is that investors who held up or bought in to 1 million or more shares saw their holding consolidated and under current pricing (SEG capital raising at 3 cents) would on average have to see a share price of some where in the 30 plus cent range to just break even...BUT hold the phone....If your holding as a result of 1:35 consolidation "fell" into the "unmarketable parcel" range ...and you did not react to the "letter" informing as such all your shares were sold by SEG ....So some investors as shown in these posts) who missed all this are now shareless and would be suffering a substantial loss....
    Go figure!!
    Cheers
 
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