Over 40 million shares hanging over current shareholders heads if the SP gets to 52 cents for 10 trading days......lol. If that not an overhang then what is ? They managed to shift 12.5M shares at the IPO, only another 81M to go.
Escrow Arrangements + 50% of Founder Shares subject to escrow until FY19 results + Provision for Early Release – half of the above Founder Shares potentially released from escrow after the FY19H results if the Company’s VWAP is 30% above issue price for 10 consecutive days immediately at or following the results release + 50% of the Founder Shares subject to 24 month escrow period from IPO
PGX Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held
