Advance ZincTek Limited (ASX:ANO – Get Rating) insider Lev Mizikovsky purchased 7,652 shares of the business’s stock in a transaction on Monday, March 27th. The stock was purchased at an average price of A$2.10 ($1.40) per share, with a total value of A$16,069.20 ($10,712.80). Lev Mizikovsky also recently made the following trade(s): On Wednesday, March […]
SenterpriSYS Limited (NSX:SPS) recorded a net loss of $123,342 (2021 profit: $288,418). The Company has a negative working capital position of $215,030 (2021 positive: $212,243).
Advance ZincTek Limited (ASX:ANO – Get Rating) insider Lev Mizikovsky acquired 44,861 shares of the business’s stock in a transaction on Thursday, June 23rd. The stock was purchased at an average cost of A$2.00 ($1.39) per share, with a total value of A$89,722.00 ($62,306.94). Lev Mizikovsky also recently made the following trade(s): On Thursday, May […]
Advance Nanotekâs hair-raising hypocrisy
Tom Richardson
Save
Share
Weâve previously documented Advance Nanotekâs public criticisms of stock exchange operator the ASX. This time last year the suncream ingredient groupâs chief executive,
Geoff Acton, threatened to quit the bourse in protest at perceived injustices perpetrated against it.
So we could hardly believe our eyes this week to see Advance Nanotek is using its ASX listing to raise $4.7 million from investors, with $935,000 of the proceeds used to make loans to employees to purchase shares on market.
Thatâs right, the self-confessed ASX critic is issuing shares to raise money to lend back to employees to buy more shares on the ASX. And get this, existing shareholders have no choice but to tip into this hare-brained scheme or end up being diluted.