G'day Towie. You only have to see this morning's sale and do the sums (obvious) to see how the Directors have been working "for the benefits of ALL shareholders"!!
Just ask that seller how much he/she paid for their shares for which they've just received $50 less brokerage!!
I bet that that's at least one shareholder who doesn't think that the Directors have been working for his/her benefit and that includes ALL shareholders who have all seen their value and equity in their investment totally decimated from their initial investment, with issued capital nearly up nearly 2,500% post consolidation.
They've got one last chance to, very slightly, remedy that situation for some "new" holders.
But, pre-consolidation holders will never ever recover anything like their initial investment. Today's seller has, sadly, realized that fact and there are nearly FOUR THOUSAND others in the same boat!!!!
No wonder management doesn't want to engage in any conversation with its shareholders, yet dilution and increased debt continues, still without any news.
Only 8-9 days for the next QR???!!!
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
