Hi Simmo,
I think this is what you're to explain with your statements above?
Announcement 29/05
"Polo has agreed to subscribe for 49% of the enlarged capital of Perfectus"
"In consideration the Company will pay AUD 1 Million in cash and AUD 2 million by way of issuing... to Perfectus".
Sooo Im guessing that means Polo own 49% of what they paid for the 49%? Effectively paying 19c a share.
And they also get the right to purchase another 49% of Perfectus within two years, for 3 million AUD worth of Polo shares at a price of 15 pence a share payable to JG's company?
Cheers
Uttsy
- Forums
- ASX - By Stock
- WMC
- Suspension
Suspension, page-16
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)