pulled this from the announcement about BCG in feb
The milestones are proposed to be based on sustained share price performance of GTG shares on the ASX official list reflecting the entry into and the performance in respect of the BCG Alliance opportunities with:
- 162 million GTG shares to be issued upon the shares achieving 2.5c for a period of 10 consecutive ASX trading days and subject to the commencement by GTG of one blockchain opportunity to be developed in conjunction with BCG,
- a further 162 million GTG shares when the GTG share price on the ASX official list achieves 3c and remains above this price for 10 consecutive ASX trading days and subject to the commencement by GTG of a second blockchain opportunity to be developed in conjunction with BCG;
- and a further 162 million GTG shares when the GTG share price on the ASX official list achieves 3.5c and remains above this price for 10 consecutive ASX trading days and subject to the commencement by GTG of a third blockchain opportunity to be developed in conjunction with BCG.The Company believes that the ASX market is the best indicator of any potential enhanced shareholder value of blockchain development by GTG - hence GTG's proposal to base the BCG milestones on GTG's share price movement on the ASX market rather than simply based on the development or commencement of a particular blockchain project.
could we be seeing a push to 2.5c soon?
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