NAL 0.00% 0.6¢ norwood abbey limited

Questionable Corporate Governance

  1. 10,372 Posts.
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    Reckon the Board of NAL should show a little more consideration for their (suffering) loyal shareholders.

    Thursday lunchtime they announce the placement of 2 mio shares @ 70c (with free options attached) to a "number of Australian institutional and professional investors"

    Just after the start of trade on Monday they announce a "major breakthrough in immunology research. With the immediate impact of pushing NAL shares up to 80c.

    At first, the placement being made at the current market price seemed a bit odd, but in hindsight think it is fair to assume the new investors had a bit of inside info?
 
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