CFO 0.00% 0.2¢ cfoam limited

Not misleading.CFOAM owns 10.24% of innovaero, But a conversion...

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  1. 4,316 Posts.
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    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

    Last edited by Stockcount: 06/08/22
 
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Currently unlisted public company.

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