Poor Mr Singh. Bought out by BIQ so we could get the revenue for the installation side. He got $1M for his business. $200k cash over time and $800k in shares at 6 cents, which were escrowed for twelve months. Chipped in another $100k of his hard earned when Michael asked at .0354. From the announcement I'm not even sure if they are in this deal or even want the Greenfield's business.
Michael, imo, supported the company moving into the Greenfield's business and now with just 6 Months more to go before we realizes positive break even ( see response to ASX), he quits, just a few weeks after our very loyal existing investors put a $1M @.018 (plus around $2M earlier in the year @.035 ish) in his hat to support that same Greenfield's business.
Theres got to be more going on here. IMO
Should be a great webinar
- Forums
- ASX - By Stock
- Ann: Takeover Offer & Working Capital Facility
Poor Mr Singh. Bought out by BIQ so we could get the revenue for...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)