MOG 0.00% 0.5¢ moby oil & gas ltd

why sell 15% stake for next to 0, page-4

  1. 1,888 Posts.

    They haven't sold it for nothing, they have sold it for 120M shares in MOG out of a total of 200M (in other words 60% of the company). It would appear they have done this to expose them to the market, as it was held by a private company previously. I think the same owners (Albers) are behind all of the companies involved. The 120M shares that Gascorp will have in MOG will start to reflect the value of the 15% stake in Artemis. Hence the reasoning behind this run continuing.
 
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