Very reasonable salaries for the co-founders IMO. AUD$240K each is pretty low by ASX standards and Michael's previous roles at SAP and Infosys would have been WAY higher than what he's getting paid here. We've got them cheap in my opinion! The upside for the founders is the equity holding.
Vishal Sikka on the advisory board is a huge plus. Would envisage him opening a lot of doors for TYM.
https://en.wikipedia.org/wiki/Vishal_Sikka
"His annual compensation was set at $13 million and stock options worth $9million"
Blockchain for the enterprise is very early and TYM are one of the first movers. You can't expect huge revenues immediately. Different opinions maketh a market. I'm bullish on a medium/long term basis. If you're looking for a quick flip, move on to something else IMO.
IPO - Tymlez Group Limited, page-9
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $5.206M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $3.598K | 1.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 10506342 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 3297005 | 7 |
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| Last trade - 10.14am 23/05/2024 (20 minute delay) ? |
| NVQ (ASX) Chart |