Music publishing and platforms player Vinyl Group today told the ASX that it will issue $2m worth of stock to one of its major shareholders to get ownership of a high value domain.
$1.6 mil for a domain name from a company on uncertain financial ground. That is certainly a decision.
Is this to give the liquidators something to sell off when the fire sale happens?
...to sell back to the investor for half the price?
$1.6 mil for a domain name from a company on uncertain financial ground. That is certainly a decision.
Is this to give the liquidators something to sell off when the fire sale happens?
...to sell back to the investor for half the price?