So as per the quarertly both GF and Sunnya met there NPBIT, so as per 12 June 2018,
- JAT must pay GF an earnout payment of $4 million (50% cash and 50% shares (VWAP of 70% 20 days) - NPBIT achieved 1.94 million
as at 6 September 2018,
- JAT must pay Sunnya an earnout payment of 1.25 mill ($600,000 cash and $650,000 in shares) - NPBIT achieved 2.1 mill
The GM will be at 12 December 2019
How convenient just after consolidation (3 December 2019)
So JAT have to fork out 2.6 mill in earnout payments + 4 mill in payment for AMNA due next + new production line + possible JV with cosmetics
Hmmm, possibly why it didnt move up today.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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0.690 | 36668 | 2 |
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