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bobadah

10,428 Posts.

1155

14/03/19

16:13

Post #: 37763857
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Originally posted by LM77 ↑

Yes they are definitely relevant. I had a read the other day of the 2012 report to look at the terms of the loan and it is pretty clear the loans need to be repaid on resignation unless it it is permanent retirement, which from the announcement it appears not to be the case. However if the SP is lower at the point of sale than when they were granted no extra money need be repaid. It might also be the case that it was RT that made the repayment that was in the recent half yearly report. From memory it was $118,000 repaid and I think his exercise price was 9.5c which equals roughly 1.2 million shares out of the 2 million that were issued, that’s IF it was him.

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At March 8, 2019 Rex held 6 million shares (Top 20 list of that date).
If he starts to sell down it could suppress the SP for a short while. Alternatively, if he does not sell down we could assume he expects the share price to rise. Regardless of how we might see his contribution to TNG, he knows enough about TNG and its prospects to hang in there if he believes it is worth a serious quid to him.

TNG Price at posting: 9.5¢ Sentiment: Hold Disclosure: Held
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Last 4.7¢		Change -0.001(2.08%)		Mkt cap ! $82.87M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.6¢	$25.48K	535.8K

Buyers (Bids)

No.	Vol.	Price($)
1	47489	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	220042	2

View Market Depth

No.	Vol.	Price($)
1	47489	0.047
4	384492	0.046
8	830452	0.045
2	340931	0.044
1	13000	0.043

Price($)	Vol.	No.
0.048	220042	2
0.049	579450	2
0.050	6698474	7
0.051	16000	1
0.053	147612	1

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