XST 0.00% 0.9¢ xstate resources limited

Ann: Successful Placement for Sacramento Basin Operations, page-20

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  1. 1,722 Posts.
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    Android ,

    "$1m worth of shares" , at the 40% discount applied amounts to 31% of the company .

    How can "volume traded will be many multiples of that daily" ?

    If you think of a pie chart made out of a Mercedes bonnet badge , it will have 3 equal sized segments and almost one whole segment has just been sold to spivs and directors at a 40% discount .

    If that doesn't worry you then contemplate this . Before Alvares operations start the spivs will flip their shares for a quick no risk profit and they could end up in the hands of predators enabling them to stage a lowball takeover .
 
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