- The Independent Expert considers that the issue of Securities pursuant to the Loan Agreement are not fair and not reasonable to the non-associated Shareholders of the Company.
- The value of the Initial Placement Securities ($3,525,242) far exceeds to value of the amount to be advanced under the Initial Placement ($300,000).
• The value of the Shares issued in satisfaction of the Facility Fee ($590,000) far exceed the dollar amount which is otherwise payable in satisfaction of the Facility Fee ($30,000).
• The payment of the Success Fee (equal to 35% of any Recovery) is fair and reasonable because it is in line with standard industry practices and only payable should an advantageous outcome result from the Litigation.
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1.4¢ |
Change
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Mkt cap ! $10.37M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 66333 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 364046 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66333 | 0.015 |
4 | 256894 | 0.014 |
1 | 300000 | 0.013 |
2 | 500000 | 0.012 |
4 | 692726 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 364046 | 2 |
0.020 | 185810 | 1 |
0.021 | 175000 | 1 |
0.023 | 60000 | 1 |
0.025 | 75000 | 1 |
Last trade - 10.23am 05/07/2024 (20 minute delay) ? |
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