Ann: Notice of Extraordinary General Meeting/Proxy Form-CM8.AX, page-5

First 5 Last

Share
Profile

Follow
Merchant2000

21,797 Posts.

890

04/07/16

11:51

Post #: 18185910
Share

Originally posted by globalroaming ↑

Dom has found cheaper financing for the loan they took out to buy Track (7.5% vs current 12.5% iirc)
Part of the new financing deal gives the financers the option to take the repayments as shares instead of cash, though they will cop a 30% premium to current sp if they do so.

Dom can't just dilute shares willy nilly, he needs shareholder approval, hence the call for the egm.

They're also giving Hans a big chunk of shares for performance, unrelated to the refinancing deal. Not sure what that is all about and since they've been cagey on the recent performance of Track it's very hard to judge if it's warranted. If it's Sp performance we're going by, then all senior management deserve to take a hair cut imo, but who knows, maybe Hans has been smashing it... In which case Dom needs to make a better case.

If you're thinking of buying Cm8 shares please take the time to go through the announcements, or if it's a little bit too technical I'd recommend getting professional advice before taking the plunge.

Expand

Correct Globalroaming, 29 pages - very difficult to understand all the conditions, limitations, subject too clauses , dilution clauses etc.....

'Share price at around all time lows- with many shareholders losing close to 50% of their capital-

yet shareholders are asked to approve :

''Approval of issue of Performance Rights to Director Description Crowd Mobile seeks approval of Shareholders for the issue of 3,500,000 Performance Rights to Mr Hans De Back, an Executive Director of the Company.

Approval of issue of Options to Director Description Crowd Mobile seeks approval of Shareholders for the issue of 1,500,000 Options to Mr Hans De Back, an Executive Director of the Company. ''

DYOR outside of HC

Last edited by Merchant2000: 04/07/16

CM8 Price at posting: 15.0¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk