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Ann: Replacement Prospectus-TV2.AX, page-11

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orionwoo

5,992 Posts.

256

01/06/16

14:19

Post #: 17924148
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Originally posted by jeans_sammy ↑

"Issue of Shares in satisfaction of corporate advisory and business development activity fees
• Issue of 75,000,000 Shares based on the last traded Share price at 30 May 2016 of $0.054"

Are you serious ? Which company pays over $4m to corporate advisor. Seems really dodgy. Such fees should be decided before RTO as fixed dollers ($500k-$1m) and should be paid in shares by considering VWAP. Here they handed over shares worth over $4m. For what ???
Share holders, ASIC and ASX should really question the board.

Was any share holders aware of the fees of $4m before or after RTO ? Was it in any prospectus ?

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$4mil is a bit too much .. I agree. Especially both of the company has Tom's name registered under.

Good luck holders. Trade the trade but be careful..

TV2 Price at posting: 4.8¢ Sentiment: Hold Disclosure: Not Held
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