I started thinking a merger might be a long-term plan of these guys.
Morgan and Burton will strengthen their position on the WBE registry, so would be in a much better position to push a merger through.
GGE is effectively controlled by Burton and Morgan, so that can push things from that side easily enough.
Also, I am not suggesting anything illegal here. Just pointing out that this is yet another case of a group of insiders moving assets around while they pursue their own strategic interests (e.g. Burton effectively sold out of TSV/WBE prior to the poor Warro results and is now buying back in at a lower price) whilst continuing to draw directors fees out of shareholders cash from both companies. Same thing happened with the demerger of TSV with two sets of directors created.
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I started thinking a merger might be a long-term plan of these...
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.523M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $0 | 5 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 491799 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 149998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 125000 | 0.008 |
3 | 522038 | 0.007 |
4 | 976334 | 0.006 |
3 | 599995 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 622667 | 3 |
0.011 | 779001 | 2 |
0.012 | 618018 | 2 |
0.013 | 1283370 | 5 |
0.014 | 363284 | 1 |
Last trade - 10.08am 22/11/2024 (20 minute delay) ? |
WBE (ASX) Chart |