Ann: PAR Successful Placement and Fully Underwritten ANREO, page-9

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slura

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31/10/23

13:56

Post #: 70641400
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Originally posted by slura: ↑

The irony is that if he raised another $65m back then we would have had a total of 335m shares on issue.

Post this cap raise, we will have 350m shares, plus another 63m options if they are converted. so 413m shares. Or in % terms another 23% of dilution.

The options aren’t even guaranteed at this point, as we still don’t have enough money to finish off the phase III, it’s relying on us converting options at a higher price. Why would the price go higher if we weren’t guaranteed the money to finish our phase III? Only possible reason is if we have a deal signed up for approximately $30m plus.

$30m plus eh? 40% returns CAGR? These figures are the performance hurdles to secure the rights of PR and Donna. Talk about taking the owners of the company for a ride!

I recently read an article about the average salary of an ASX200 listed company being $1.2m. We have 2 employees wanting to be paid that. In PR’s case he’s looking at a 100% pay increase for his total package. It just gets more and more disgusting when I delve deeper into the PAR books.

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This part:

“I recently read an article about the average salary of an ASX200 listed company being $1.2m”

Was meant to read:

I recently read an article about the average salary of an ASX200 listed company CEO being $1.2m

PAR Price at posting: 61.5¢ Sentiment: Buy Disclosure: Held
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Last 44.0¢		Change 0.000(0.00%)		Mkt cap ! $174.8M

Open	High	Low	Value	Volume
44.5¢	44.5¢	44.0¢	$22.69K	51.38K

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No.	Vol.	Price($)
7	10080	43.5¢

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Price($)	Vol.	No.
44.0¢	5662	3

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6	12503	0.435
5	8229	0.430
10	86224	0.425
6	112133	0.420
3	33281	0.415

Price($)	Vol.	No.
0.440	6300	3
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Ann: PAR Successful Placement and Fully Underwritten ANREO, page-9

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