Thats what you should be focusing on. ;)
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So reading between the lines ( of a SNK nature ) and if the angles paid .0005 per share for their last round of shares that they will start dumping sometime soon as , to my knowledge there is no condition in place preventing them from doing so, but if there is a C R then that will put off that happening until post C R .
With this in mind no one but NO ONE should want to touch this "investment " until the S P has returned to some where near its true value and guesses as to what that is is ...... ?
How much did you say the losses were up until listing ?
From page 11 states FY14 resilts as being:
Sales - $19, 000
Loses - $1.5M
Accumulated loses of previous entity were $86M (page 45 onwards).
The "Limited Disclosure Document" is really quite the opposite; quite revealing.
I haven't had a look regarding lock ups yet, but if there are none (which I would not br surprised at all if there weren't any!) then we all know what's coming with Sorenson involved.
Folks, please save your time and money and invest elsewhere. I cannot stress this highly enough. I'd like to save everyone the pain of another Plus SMS/Aquaria/Snakk debacle! :)
C'mon BFG - isn't the $2m plus forecast npat in 2016 the number to focus on?
I see I am now the proud holder of 482 of TRU from Claridge days.......$67 less brokerage = $37 perhaps good for a few coffees...
I suspect the same Wellington boys who called VML (another Sorenson investment no less!) the "penny stock of 2014".
The only winners here will be the pre-IPO investors (35 in all I believe) who got in at mates rates and are ready to dump on que. And we all know where the SP ends up once the dumping starts...
As a compliance listing, you wouldn't expect any lockup period.
The last capital raising was at 10c. Does it say what the round before that was at?
[QUOTE=Harvey Specter;516477]As a compliance listing, you wouldn't expect any lockup period.
The last capital raising was at 10c. Does it say what the round before that was at?[/QUOE]
.0005 !!?
Wash trading going on here in order to fool people that there is some real buyer interest .
Anyone wanting to know the history of listing and share raisings should read from page 75 onwards. Interesting narrative.
Whatsup, it appears only 10 cents was the share raising price. 0.0005 does not exist either, the lowest a share can go is 0.001.
I did note this little gem:
"Trading Restrictions
Each of CNL and Waitara Trustees Limited have entered into agreements with TruScreen whereby they have each agreed that they shall be restricted from transferring, selling, granting an option over, mortgaging or otherwise disposing of, or dealing with 75% of their shares in TruScreen until 1 May, 2015. This restriction represents 31.76% of the total number of ordinary fully paid shares on issue in TruScreen."
The Sorensons are part of neither trustee, so they appear to be the current sellers on market and have higher priority than their "partners".
What's good for the goose isn't good enough for the gander eh Mikey boy? :D
I was "gifted" a whole 9 shares in this muppet show which means that I will have a SPP thrown my way sometime soon or I can sell and live off the proceeds for the rest of my life !!