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PETITION FOR ADRIAN FLOATE TO BUY $100K ON MARKET, page-56

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PRD2427

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09/10/24

10:57

Post #: 76040900
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Originally posted by Ballsup: ↑

Hi PRD,

Using a bit of a long bow to suggest that I believe that the price will 'easily exceed'. If you truly believe that yourself all good. It is this where you say:

"The options, where this discussion started, are fair remuneration given the strike price means they are "future performance" based. That is if the CEO doesn't deliver he gets zero"

If as you say the price will be far and beyond this, it is hardly an incentive now, is it? Someone is even claiming 17c will be the price. So even if the share price gets to a point that they are exercised they are essentially 'free' shares. He is paid - and paid well - already to do his job and while the company gets cash from conversion the regular Joes get diluted ever further which actually puts a brake on the share price - Why? Because issuing shares does not increase market cap, otherwise everyone would simply do that

So if one believes the SP will exceed the conversion point then you are correct that a 50% return over 3 years or so is a wise investment, and would be a no brainer to buy up now

Are you still buying? where is the volume, should be 100 million + being traded daily or at least weekly if this was a healthy stock with the number of shares on issue (Damn those liquidity creating traders!)

What do I believe then - Well, lets just say I have been on the fence for a while and will continue to stay there until at least 2 consecutive quarters of CF+ that is not just achieved because of R+D rebates, must be real. And as long as this company has bizarre true cult believers that hate car park attendants etc, and bullies anyone that has a cautionary word to say against claims 'will easily be 17c' then I will probably wait even longer

The other target I have is the company reaching 200m MC - Something that was a target the GOAT was tasked with achieving a few years ago now, and yet still gets shares and options like this for NOT doing so. Do you recall that?

Cheers,

Ballsup - by name and nature - NFA, IMO and as usual NFI

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Hi Ballsup.

Just quickly, if you don't believe the SP will easily exceed the strike price then why be concerned at all.

As to the incentive of this or any future bonus options and or shares, we'll have to agree to disagree there.

Yes I'm still buying when it suits me.

SPX Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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Last 0.7¢		Change 0.001(16.7%)		Mkt cap ! $32.30M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$3.775K	569.7K

Buyers (Bids)

No.	Vol.	Price($)
24	11574889	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	6571053	5

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No.	Vol.	Price($)
23	11484389	0.006
24	14261525	0.005
5	11850000	0.004
7	34500000	0.003
4	39500001	0.002

Price($)	Vol.	No.
0.007	6571053	5
0.008	6630689	17
0.009	17065070	22
0.010	6246840	15
0.011	855050	7

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PETITION FOR ADRIAN FLOATE TO BUY $100K ON MARKET, page-56

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PETITION FOR ADRIAN FLOATE TO BUY $100K ON MARKET, page-56

Top Stories

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Featured News

Buyers (Bids)

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