interesting to see with the 6 on going disclosure notices today that when reading them, most of the recipients of the 1 cent shares have 100s of thousands of partly paids but very very few fully paid ordinaries.
seems like the staff on their fat salaries dont want to pay for full price shares like we have to but are very happy to gobble up the 1 cent shares.
this seems to me that they have little faith in the current share price but are happy to gamble 1 cent shares if they do hit an oil strike.
which leaves us as the shareholders...... with very little disclosure or info from management holding the sp and carrying the can if the drills are dusters.
very nice to know the support from our company leaders and company staff.
cheers NZO
whats the strike price on these 1 cent shares?
lol in advance.