If you go back to the 31st October announcement most likely today's dump is the selling of the 5% fee relating to recent Fast Finance - Greenard willing and Platinum picked up around $60,000 worth of shares (@0.0075) and collected the fee amount in cash at 0.008 + additional $4000.00
The key terms of the FAST Finance loan are as follows:
Term: 12 months Repayment: Cash in full from the R&D tax rebate refund Interest Rate: 12.5% p.a. payable upfront Fees: 5% (payable in ESI securities at 0.75c)
Fingers crossed these capital management activities cease shortly because even the fee component of these facilities are dilutive.
ESI Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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