SMN 4.55% 57.5¢ structural monitoring systems plc

Ann: Key Acquisition of Eagle Audio, page-44

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,757 Posts.
    lightbulb Created with Sketch. 1877

    Whilst it's actually irrelevant to SMN I wasn't aware Stephen Forman is a director of Pointsbet. It's certainly not mentioned in the Annual Report for Pointsbet, nor more recent ASX filings.
    But what is relevant to SMN (and us shareholders) is that he has acted as guarantor for US$800,000, UNSECURED, for just a commercial rate of return. In effect he has enabled a very attractive transaction to proceed without having to go for a placement (= dilution), or share-based payment schedule.
    In this day that is a very rare thing, and something we should admire.
 
watchlist Created with Sketch. Add SMN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.