Total shares on issue 600mil
The escrowed securities comprise 100% of the Company’s Performance Shares, 100% of the Company’s Options, and 49% of the Company’s Shares.
Nearly 50% of free float is escrowed.
THOMAS ANTHONY CREGAN – CEO of EML.AX holds 3.33 mil ( EML is market valuation is 1.19 Bil )Mr Creagan could have afforded to take a lot more. If someone like him could only get that much, stock sold at the time of float was hard to get. Mr Creagan also brings many possibilities for the company, going forward.
Being a neo bank, many established banks would want a foot in it as they would want to take part as these new style banks establish. They don’t want to miss out. None of these are on the register as yet.
Tech stocks leading the way out of the misery that economy is in at the moment.
People of new generation are embracing new ways of managing their finances, debt, investments etc. Data is already out there that they are reducing credit card usage etc. etc. We may sit and crow about how strange the new banking may look, the younger ones are smart and take to these types. There will be definite potential here.
Given all of this figure out what the potential here for the SP. Blue sky. Yes it will be bumpy. Get in early & enjoy the ride.
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