25,000,000 shares retained by GBR and 25,000,000 - 35,000,000 shares issued to public to raise cash.
The shares proposed to be held by GBR are the ones that could be distributed for free in a ratio of about 1:14 or alternatively retained by GBR. In specie you benefit directly in the success of Cosmo by holding the shares directly, whereas under the proposed plan you will benefit indirectly by way of your holding in GBR. If they were to distribute the price of GBR might drop by around $0.0143 per share based on the listing price.
The proposed plan will mean the register is more tightly held, more likely to rise in price more quickly and GBR option holders would also benefit, but I would still be open to an inspecie transfer if they decide to go that way.
The shares you can pay for will be the ones offered to the general public, except the company is giving you first bite at the cherry ahead of the general public. The devil is in the detail in terms of just how many you will be able to buy.
GBR Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
