Not misleading.
CFOAM owns 10.24% of innovaero, But a conversion will take it to 17% if an IPO takes place. Big I F .
From the latest 4C.
Innovaero:
In addition to the CFOAM USA domiciled business, CFOAM Limited owns a 10.24% equity
investment in Innovaero Technologies Pty Ltd (Innovaero) which at cost is A$1.55 million and,
as part of an Innovaero convertible note raise, invested A$1.975 million for a total investment
of A$3.525 million. The convertible note conversion is subject to 30% discount to an IPO
valuation. CFOAM Limited’s current interest will increase from 10.24% to up to 17%, subject
to the valuation conversion.
There are a thousand better companies to invest in than this one ! Make that ten thousand.
Ill give you a clue. WBT OCC FRX CYP ANP G6M WOA
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