When you break it down, this will create even more support at 2c for the share price until everything gets sorted and points to a higher share price once everything is finalised:
- MF is the man most familiar with Intiger and their potential
- He could have elected to be repaid $750K cash and rely on performance shares to build an equity stake
- He has negotiated $750K in shares at 2c each (ie.at zero discount, with no option sweeteners)
This suggests to me MF believes his $750K will be worth more to him as 2c shares than in cash, which is great for all holders.
SRT Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
(20min delay)