@barry1990 It makes zero personal financial sense for him to do so. He holds 3,360,000 Unlisted Director Options with an exercise price of A$0.39 per option, expiring on 14 July 2025. So he has a free swing at the options in 5 years time. Zero personal outlay now, can choose to invest at anytime in the next 5 years if the shareprice is higher. If I gave you these options, you wouldn't bother buying on market either.
Lauder is a better proxy. He had invested $147.9 million USD prior to the merge. He then put in $20 million USD at merge. This netted him 131,037,848 shares. He then bought 3,324,011 on market between March and May 2018 at a cost of around $1,562,285 AUD. In Nov 2018 he participated in the capital raise, for 22,864,865 shares at $8,460,000 AUD. In Oct 2019 he participated in the capital raise, for 8,181,818 shares at $3,600,000 AUD. Now holds 165,408,542 shares at an investment of approx $277,292,445 AUD. Ron Lauder needs the SP to be about $1.68 AUD before he starts breaking even.
We all hope that Lauder is going to get his money back eventually. He is unlikely to let this die. Fluence has done all the hard work in breaking into the Chinese market and building key partnerships, they just need continual funding to keep building. Many other companies would also kill for the the Ivory Coast and Mexico San Quintin opportunities.
FLC Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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