1TT 0.00% 0.3¢ thrive tribe technologies limited

i dont propose to have any idea but based on previous ann, "1.2...

  1. 80 Posts.
    i dont propose to have any idea but based on previous ann,
    "1.2 Purpose of the Prospectus
    The Company is seeking to raise only a nominal amount of $1.00 (before costs) under the Offer and accordingly, the
    purpose of this Prospectus is not to raise capital. The Directors intend to apply the proceeds from the Offer to
    expenses of the Offer.
    The primary purpose of this Prospectus is to remove any trading restrictions that may be attached to Shares issued
    by the Company on or prior to the Closing Date, including the issue of 727,792,666 (Placement Shares) at an issue
    price of $0.003 to certain persons issued on 1 April 2021 prior to the lodgement of this Prospectus.
    The Placement Shares rank equally with existing Shares on issue. A summary of the terms of existing Shares is set
    out in section 3."

    So there may be trading restrictions on upwards of 700 million shares, which if the prospectus goes through will be able to be traded.
    Last edited by RussellC0IGHT: 15/04/21
 
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