Post by
Ogopogo007 on Apr 02, 2022 3:01am
Treating STGO as personal piggybank
In addition, effective August 10, 2021, the Company subscribed for C$1,814 in convertible debentures of Aranjin. The investment has a 12 months term and 15% interest per annum, payable on maturity date, August 10, 2022. The Company can convert the debentures into shares of Aranjin for C$0.055 per share. The Company has accrued C$106 in interest income as at December 31, 2021. Bataa Tumur-Ochir, Matthew Wood and Jeremy South are directors of Aranjin.
Why are STGO shareholders investing in other Co's run by mngmnt here?
Or is that doing it "Mongolian way"...F shareholders like the massive dilution they tried to sneak past shareholders in past?
JMHO