ODN management also screwed up but not offering existing shareholder rights to get shares in the float first and then only subsequently then sent a notice saying we would be given preference,,, not a good look.
Taking a look at the porposed capital structure below, I would think the following needs to take place:
1. Acquisition shares needs to come down closer to 40mil shares
2. Converting note is equivalent to 10c a share.. Ideally this need to be closer to 15c and around6million offered and escrowed (or they will get dumped on listing day)
3. Performance shares cut right back or the targets increased and focused on Profit as well as Rev. Seriously 3mil of revenue and you get like 30mil perf shares?????4
. Partially torn on the advisor options as they are exercisable at 22c.. but if they are not getting cash and only options... fine with me.
ODN management also screwed up but not offering existing...
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