As an old man it is hard to wrap my brains around this Announcement. It plays out as let's get sophisticated HC investors (or wherever we can find them) and make the Directors rich.
AJM has issued 400,000,000 fully paid shares to Allan. Buckler (352,110,392), James Brown ( 27,365,490), B T Kuen (6,841,373), and Dan O'Neill (13,682,745) in renumeration for loans totalling $2,920,000.
Divide $2,920,000 by 400,000,000 gives a value of $0.0073 for each share. However, conversion is "60 percent of lowest issue price on 04/03/22."
Does this mean if FOMO strikes out and shares trade at 2 cents these guys get $8,000,000 for a combined loan of $2.92M loan? Talk about incentive for a loan from 11/11/21 to 04/03/22 or 2.74 bagger?
AB alone is sitting on a total of close to 3/4 Billion shares and if he sells at $0.045 (my buy in cost) he makes $33,750,000 so let's make him richer. Why not, as I will at least break even?
BCNU
- Forums
- ASX - By Stock
- Ann: Change of Director's Interest Notice
As an old man it is hard to wrap my brains around this...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
|
|||||
Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.897M |
Open | High | Low | Value | Volume |
3.3¢ | 3.6¢ | 3.3¢ | $993 | 28.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 283330 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 58371 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 283330 | 0.033 |
6 | 170569 | 0.032 |
3 | 56920 | 0.031 |
2 | 28366 | 0.030 |
1 | 19200 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 58371 | 1 |
0.037 | 65000 | 1 |
0.038 | 75000 | 1 |
0.039 | 70000 | 1 |
0.040 | 43979 | 2 |
Last trade - 15.34pm 19/08/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |