This was a crap deal for shareholders, hidden in the back of another announcement.. Some might say its small get over it, and the SP rallied off the back of it, But at current SP this bloke, who you can barely find any info about online, is effectively getting paid $1.225m for spruiking the stock for the best part of only 3 months, then the original vesting conditions were achieved and I'd bet my hat he stopped the spruiking, and wow, the SP declined up until only last week...... add insult to injury, it doesn't even solve the short term funding issues as expiry is June 2023, and all things being equal $700k cash end of Dec 2022... And now the ASX is calling out the issuance for lack of a better term, as suspect... so now requires shareholder approval... Just my whisky fuelled rant.
Good on him for getting the deal in the first place.
GLTAH.
NTI Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
