- the main substantial holder that has provided INP funding throughout many years converted their debt into equity at 4.7. he now holds 70% of the company as he invested 20mill at 4.7c-
- Last year, there were two substantial holders, who bought 19.98% of the company.
- SP was at 2c when the main substantial holder converted INP's debt to equity at 4.7c (20mill worth, hence has a 70% holding). The main holder could have diluted the shit out of it at a lower price than 2c but chose not to? Huge vote of confidence in the business in my eyes
- the remaining 30% of the company is majority held by the other two previous substantial holders who bought in at 8c.
- So only about 10% of INP is held by retail holders now.
- If Mr Mohammed Ikhlaq, Hayaat Global SFO DMCC and Hayaat International Limited bought 19.98% and Sinetech Limited bought 19.98% of INP at 8-10c region, and Suzerain Investment Holdings Ltd (Suzerain) increased his holding from 19.98%-70% by investing $20mill dollars at 4.7c, then I will buy at these prices.
Easy buy and hold and wait for the takeover hehehhee or just wait for the biggest turn around story on the ASX.
INP- SERIOUS RETURNS TO BE MADE IF PATIENT. MARK MY WORDS!
Thankyou very much!
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