“It is also intended that SPC or its nominee will be issued 30 million fully paid ordinary shares in WHA (subject to shareholder approval) if SPC procures the funding to finish the construction of the CBDG spray dryer.”
So SPC get 40M shares for just showing up to the party. Another 30M shares if they can get the $20M for WHA & then another 20M shares if revenue hits $20M
90M shares for free is pretty good. Seems everyone except shareholders are making good money here
“It is also intended that SPC or its nominee will be issued 30...
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