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8.11% 4.0¢ thunderbird resources limited

Ann: Proposed issue of securities - VAL, page-10

  1. foyt
    1,246 Posts.
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    15/09/21
    13:37
    Post #: 56082646
    Yoyo,
    I'm not sure what you are trying to get at, but let me have a go ( once again) at answering -
    The options being issued by the company are for the consultants only.
    The options are to pay them for their services ( instead of cash).
    For all other holders / investors, this means further dilution if the options are exercised for common shares.
    The only upside is that the services have been achieved without cash payment ( which clearly this company can't afford)
    cheers, Foyt

    Last edited by foyt: 15/09/21
    VAL Price at posting: 2.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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