Again...the Directors all paid for these shares out of their OWN back pocket.
So does that not show the exact same "future confidence" then them spending the exact same amount buying on market? The shares will rank equally to any market purchase. If not, why not?
If Directors did not participate in the SPP then these shares would have been available for some other shareholder to purchase. The dilution is therefore not avoided regardless of the director participation in the SPP. Therefore how can you say "Directors paying themselves in company value"...have shareholders who participated also been paid in company value?...thats your statement. They are equivalent in this regard to any other Shareholder who recently participated. Shareholders also had the opportunity to participate and therefore not be diluted.
So you are suggesting it is better if it was a nobody paperhands shareholder buying shares in a SPP than a Director whos holding is heavily scrutinised and tracked?
The potential dilution was there WITH or WITHOUT director participation in this case.
Taylor Collinson ran the SPP and require a payment for their service. They do not work for free.
They provided their expertise and services for payment.
So where are these "FREE SHARES ALL AROUND"
????????? That was your comment...
Which exact Shares in question were FREE?
All shares in this EAGM are just being ratified and re-allocated and none are new and none originally were FREE.
Key word....previous
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Mkt cap ! $4.942M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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17 | 30332689 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 50416607 | 19 |
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No. | Vol. | Price($) |
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17 | 30332689 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 50416607 | 19 |
0.003 | 38370277 | 12 |
0.004 | 320000 | 2 |
0.005 | 4000000 | 1 |
0.006 | 250000 | 1 |
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