In case anyone is unsure or worried about QQ opting not to proceed after Due Diligence, here is something to put your mind at ease.
The equity component of the agreement was for A$16.9M @ $0.085 per share. Based on the current SP at $0.14 they are sitting on a paper profit of $10,918.385 in less than a week…![]()
If the SP is at $0.17 by the end of the DD period which is quite possible given the way things are going, they would have doubled their position in less than a month. And probably the highlight of the deal JZ and Co put together, those share are in escrow for 18 months so no immediate dilution to put downward pressure on the SP.
Add Mr Sun's director share options (gives him the right to take a non-exec director seat on the board) of 5M shares at 10c >>> that $500k is now (on paper) worth $700k.
Win win outcomes all round![]()
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.32M |
Open | High | Low | Value | Volume |
3.8¢ | 3.9¢ | 3.7¢ | $91.30K | 2.395M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 6117 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | 0.038 |
2 | 701783 | 0.037 |
5 | 638107 | 0.036 |
26 | 2803406 | 0.035 |
9 | 1181154 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 6117 | 2 |
0.040 | 1428372 | 5 |
0.041 | 873730 | 5 |
0.042 | 768600 | 7 |
0.043 | 274146 | 2 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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