some other things ive noticed...
Page 121
"
(b) As approved at the extraordinary general meeting on 24 September 2015, issue of 40,000,000 ordinary shares to directors valued at 0.6 cents per share, totalling $240,000;
"
no wonder the directors didnt need to buy any more on market or in any other capital raisings
but im sure the company needed some cashflow at the time - and this was the approx price at the time...
always better to be on the inside isnt it... well at least they have got skin in the game
......
page 120
"
Retained Earnings/(Accumulated Losses) (45,897,686)"
at least we dont have to pay tax for a while
......
page 122
(h) Related party loan extinguishment by way of payment of $260,000 cash resulting in a debt forgiveness of the remaining balance of $5,726,630; and
all the $ the xped guys have kicked in - they get $260k cash plus their shares [ for all their work / effort too of course too ]
ive gone through this with a fine tooth comb [ will keep going thru a few more times of course ] but at this stage n0thing out of the ordinary in the corporate world as far as i can see and the fact she held up well on the first day of trading is a very good sign of things to come
i certainly like the performance milestones of 75mil , 100mil and 125mil market cap - we all will be happy when these are passed thru
except the people that sell out now of course
