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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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $89.19M |
Open | High | Low | Value | Volume |
26.0¢ | 26.0¢ | 24.0¢ | $167.7K | 661.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 3669 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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26.0¢ | 32965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3669 | 0.255 |
6 | 101050 | 0.250 |
8 | 163012 | 0.245 |
17 | 191557 | 0.240 |
8 | 120377 | 0.235 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 32965 | 2 |
0.265 | 21406 | 3 |
0.270 | 14144 | 1 |
0.275 | 41601 | 3 |
0.280 | 54185 | 4 |
Last trade - 10.55am 21/05/2024 (20 minute delay) ? |
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Last
26.0¢ |
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Change
-0.005 ( 0.23 %) |
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Open | High | Low | Volume | ||
25.5¢ | 26.0¢ | 24.5¢ | 102671 | ||
Last updated 11.14am 21/05/2024 ? |
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