CXO 0.00% 10.0¢ core lithium ltd

Ann: Issue of Placement Shares and Remuneration Securities, page-27

  1. 3,571 Posts.
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    I understand where you're coming from Poh, but IMO it wouldn't make much sense to give CXO 1mil now (2mil in total), go through all the administration and approvals process, just to say nah and walk away a few days later (only 3 days left til sunset date).

    Even if Yahua wanted to sell all their shares tomorrow at 9c, factoring in 2mil already paid to cxo, cost of the whole regulatory approval process, tax on sale of shares...Yahua would probably only wind up making 500-750k...chicken feed for a 2.2 billion dollar company, hardly worth their time and effort I would have thought...

    Let's see what tomorrow brings

    GLTAH
 
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