PGX 0.00% 54.5¢ primero group limited

Ann: Pre-Quotation Disclosure, page-13

  1. 3,500 Posts.
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    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
 
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Currently unlisted public company.

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