Australia's largest stock trading and investment forum Australia's #1 stock forum

SRT

Click for more information

0.00%

16.0¢ strata investment holdings plc

Ann: STAR STRIKER - ADDENDUM TO NOTICE OF MEETING-SRT.AX, page-72

First 72 Last

Share
Profile

Follow
Glyco

6,165 Posts.

2345

19/05/16

09:49

Post #: 17809284
Share

Originally posted by Starmanwin ↑

When you break it down, this will create even more support at 2c for the share price until everything gets sorted and points to a higher share price once everything is finalised:
- MF is the man most familiar with Intiger and their potential
- He could have elected to be repaid $750K cash and rely on performance shares to build an equity stake
- He has negotiated $750K in shares at 2c each (ie.at zero discount, with no option sweeteners)
This suggests to me MF believes his $750K will be worth more to him as 2c shares than in cash, which is great for all holders.

Expand

Thanks @Starmanwin

Alternately MW could have raised maximun CR (or more), and repay MF cash. Then MF can buy 37.5m shares in relsiting open market, day one, and sp would be 8.5c!
LoL

SRT Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

ZNC

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

ASX Market Open: Aussie stocks to open lower despite positive performances for US bourses | October 1, 2024

ATC

Altech launches CERENERGY prototype in Germany, with early tests proving positive

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 51 more messages in this thread...

First 72 Last

Add SRT (ASX) to my watchlist

SPONSORED BY