I agree!
The deal sounds at this point a worthwhile investment, BWX admitted to allowing a staff member to take out a loan in the following announcement...
ASX Announcement 24 October 2017
EXERCISE OF OPTIONS AND RELEASE OF SHARES UNDER THE COMPANY’S EMPLOYEE LOAN PLAN
Melbourne, Australia – BWX Limited (ASX: BWX) In the accompanying Appendix 3B the Company provides details in relation to the exercise of options for 250,000 ordinary shares at $2.00 per share. The options were previously issued to a former Director of the Company at the inception of BWX during 2013 and prior to the Company’s listing on the ASX.
In addition, 420,000 ordinary shares, previously issued under the Company’s Employee Loan Plan, have now been released following the receipt and settlement of respective loan balances.
I can hear you saying "but under a whole lot of different circumstances" although like you I'm trying to find enough cash...this would make it a lot simpler!
Question: I wonder whether they paid compounding interest from 2013 -2017?
I don't know these mate deals![]()
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