I echo what others have said to
@Michael27 &
@caketin and thank them for taking the time to report back to us all.
Couple of things stood out for me from what Michael summarised and I cut / paste below the 2 comments and bold a couple of points:
Side note on Resolution 5: Nemex resources
issued 12,000,000 Consultant options to a group of Asian based professional investors to assist with the promotion of the Company and introduction of Wavefront's biometric technology to professional investors and technology companies in mainland China.
These options are able to be
converted at 10 cents per option in June 2016.
The meeting was then open for questions and general discussion.
Question:- Can you provide further detail on intentions of company going forward?
Answer (Mr Zhang):- Appointed in October 2015 as a director. Fully supports WBT to develop technology in China to
miniaturise, fund and commercialise in China.
So:
With 12m ops avail to convert @ 0.10 in ~ 6 mths you would think that the Asian Professional Investors expect the SP to be somewhere north of 0.10 well before then for the option cash in?
And, one other simple question IMO....why bother with this effort, cash & investors to
miniaturise, fund and commercialise if there isn't some belief (or certain knowledge?) that
miniaturisation in particular ,which alludes to mobiles (or self acquisition), is inherently possible sooner that later....esp. keeping in mind the first point and options timeline.
Looking forward to the next phase.
Nice weekend all.
