What it looks like to me is they issue him 30,000,000 @ 4.6 cents for no outlay. The company carries the amount of $1,380,000 on their books as an unsecured loan which is repaid sometime in the future by Jardine by selling off some of his gifted shares if and when the price goes up. If the share price goes down I think that the Company will just cancel them out @ 4.6 cents with no loss paper to Jardine or the Company. Of course we are not party to what constitues a 'limited recourse loan' but I'm sure they have worked out a way to provide him with a no risk reward.
Ann: VWAP Condition met on Related Party Loan Shares, page-21
-
- 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 IBG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.500M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $22.93K | 7.656M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 99871037 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 1150366 | 1 |
View Market Depth
| Last trade - 15.51pm 11/11/2024 (20 minute delay) ? |
| IBG (ASX) Chart |