Why scale back retail holders? They issued tons at 10c, directors purchased 100k at 10c, yet the rest of us could only get a measly amount.
Its one thing destroying share price, it's another thing not allowing retail to participate on equal terms to avoid the dilution.
Well and truly Poor form by pek management, there was no reason to simply allow 2.8m of retail vs 2m, what's 800k?
Seems like this lot is in bed with their insto buddies, schrimscraw is in it for a quick flip, sold 50 percent of this asset for 36c, joke!
Shenghe better bring 100 percent of the goods here and scrimshaw better have made sure firb won't block it
(20min delay)