ECG 0.00% 2.6¢ ecargo holdings limited

ECG IPO'ed like a typical cashbox. Founders helped themselves...

  1. 189 Posts.
    ECG IPO'ed like a typical cashbox. Founders helped themselves with tons of shares for next to nothing, then gave some cheap shares to a few well known identities, bunged in some IP assets and then IPO'ed to the punters. Having a big share in the company doesn't mean having skin in the game! On top of that, there are related party transactions. I'm not saying ECG couldn't be a huge success but it is starting behind the eight ball. As long as people are aware.
 
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Currently unlisted public company.

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