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.
The corporate governance is as good as it gets, all directors...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VNL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $102.4M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $15.02K | 135.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 117173 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 63636 | 2 |
View Market Depth
| Last trade - 10.21am 19/06/2024 (20 minute delay) ? |
| VNL (ASX) Chart |