Wow, Trojan’s post is one of the most blatant self interest posts I have ever seen.
An investor that saw a great opportunity to make what they thought was an easy killing. Get the SOA up and the whole short term investment pays off. The sinking sp and prospect of SOA defeat has certainly rattled the cage however with the large investment now under a cloud and a professional Investor who may end up with egg on face.
However some of what he says is quite true or at least all the published details would suggest so. I posted this post - 25044648 when the additional supplementary was published and it contained a scary outline of the power MB hold which is what Trojan is referring to. Of course both the additional supplementarys and Trojans post are both coming from the position of a desperation to get the SOA up.
I do agree it will take some skill from any new BOD to navigate their way through the minefield that is all of the MB agreements. (By the way it is obvious that MB new exactly what they were doing at each agreement and our current BOD have been shown up)
Long term holders of course are mostly under water and consider the offer an insult. It is blatantly obvious that MB have maneuvered into this position as the dollar signs were rolling over in their eyes.
I certainly wouldn’t blame anyone for selling out or voting yes, but occasionally smaller investors need to stand up to some of these corporate deals which appear to be quite contrived. (Of course not saying this one is)
As someone else said sometimes you get sick of just being the slot machine to fund a company for someone else to benefit when (if!!) the jackpot rings.
No guarantees we will get much either way and everyone must do what is best for them – Trojan certainly intends to
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Last
5.2¢ |
Change
0.001(1.96%) |
Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.1¢ | 5.2¢ | 5.1¢ | $26.20K | 512.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 375000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 14804 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55500 | 0.135 |
9 | 1167237 | 0.130 |
8 | 593133 | 0.125 |
19 | 902443 | 0.120 |
1 | 86000 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 787079 | 9 |
0.145 | 1062465 | 10 |
0.150 | 344400 | 6 |
0.160 | 125481 | 8 |
0.165 | 497623 | 5 |
Last trade - 13.57pm 28/11/2024 (20 minute delay) ? |
CTP (ASX) Chart |