True. Tan should abandon his attempt to defraud shareholders before he is investigated then forced to resign.
Sze Wee Tan has admitted he has a conflict of interest with shareholders.
Sze Wee Tan has manipulated the RBY share price negatively by his ridiculous re-capitalisation attempt. Why would anyone, let alone the company MD, set the re-cap issue price at around 20 times less than the previous 12 month trading average price???
Sze Wee Tan is attempting to massively dilute existing shareholder's ownership of Rockeby by: Gaining the majority of the "Rights Issue" by underwriting it himself, make the "Placement" to himself, then double his holding by exercising his new options.
Sze Wee Tan has put personal gain (greed) ahead of the company and it's shareholders, and this will bring about his demise imo.
Even if Sze Wee Tan does abandon this joke plan, I expect to see him purchase millions of shares on-market for less than were available before his manipulanative re-c rap plan.
Sze Wee Tan's reputation is clearly corrupt.
RBY Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
