SEI 0.00% 2.7¢ speciality metals international limited

If you think giving away 39,655,397 shares to a Director at 1.8...

  1. 981 Posts.
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    If you think giving away 39,655,397 shares to a Director at 1.8 cents is smart management,When your fellow posters were expecting 2.5 cents. The date of announcement the share price was 3 cents as is today's share price. Those shares have a market value of $1,189,661 you gave the director then for $713,797 that is a $475,867 discount. Who would not buy shares at a book value profit of $ 475,867 discount to the market for doing nothing, nice job if you can get it. This is only his discount try doing the numbers on the whole capital raising. Even at 2.5 cents he would have got a $277,587 discount. If you don't think the share price will drift lower because of Management selling the farm you are not living in the real world. CHEERS
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Mkt cap ! $17.22M
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2.8¢ 2.8¢ 2.7¢ $15.56K 569.4K

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No. Vol. Price($)
1 137947 2.7¢

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Price($) Vol. No.
2.9¢ 188424 2
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Last update - 10.35am 17/06/2019 (20 minute delay) ?
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