OGI 0.00% 0.5¢ ogi group ltd

Ann: Appendix 3B - Conversion of Notes & Interest Payments, page-2

  1. 948 Posts.
    wow someone just got nearly a third of the company by converting a small part of the notes lol. I also see another lot to be converted before 30/9 so they will have around 40% between the 2 conversions. Only problem is that the company is valued at 1 million and the conversion amounted to the same in dollar terms. Pretty poor performance also if they cannot even pay the $24k interest and instead issue more shares. I put forward a vote that we pay chris in shares instead of cash for his annual $250k salary ( That is all of our net cash coming in to just pay his wages lol )
 
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Currently unlisted public company.

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