TAS 0.00% 0.5¢ tasman resources ltd

News: Tasman Resources raising up to $1.8M, page-3

  1. 683 Posts.
    don't get sucked in by Solomon's taking up their entitlement.This is the oldest trick in the spec stock book.Heres how it works~ directors announce they are taking up entitlement which encourages shareholders to part with their hard earned cash and therefore company raises what it needs by the confidence that director buying gives the market.However here is the catch,the directors then get their money back in the form of salaries director fees or as you pointed out,they just do a bit of "consulting" work by their personal law firm and get the money back in their pocket,one way or another without any risk,unlike shareholders.Always be carefull about throwing good money after bad.
 
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