The corporate governance is as good as it gets, all directors have significant incentives aligned with shareholders interest (share price).
They have stuck at 30-40% as per my post above, once Tranche 2 is exercised Songtradr has 33.64%, throw in the options and a $3mil cash injection and they'd have 43% with no further dilution - which won't be the case.
Projecting another 200mil shares to be issued, by 2025, for acquisitions or cash. Songtradr post oppies exercise would be at 36%, total "related" ownership 42%.
Songtradr intends to be a long term shareholder, from this announcement, as well as their actions, not take over.
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 10.0¢ |
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Price($) | Vol. | No. |
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2 | 35000 | 0.097 |
4 | 260000 | 0.095 |
1 | 10000 | 0.094 |
2 | 105434 | 0.092 |
Price($) | Vol. | No. |
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0.105 | 14285 | 1 |
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0.115 | 66078 | 1 |
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