Another point worth noting with IP1's management, they have quite a bit of skin in the game and were keen to underwrite the entitlement offer to the tune of $1m. That's confidence!
"The Entitlement Offer is underwritten by the Directors of InPayTech being Paul Collins, Don Sharp and Sandra Barns (or entities associated with them) along with InPayTech’s largest shareholder Colin Scully (or entities associated with him) up to the value of $500,000, $250,000, $20,000 and $250,000 respectively ($1.020 million in aggregate), each for a fee of $1.00."
https://www.asx.com.au/asxpdf/20200624/pdf/44jx7zzs7wf2w9.pdf
Here's a screen shot of managements holdings as per the last presentation 18/06/2020. Also top 20 over 65%.
![]()
Hold on to your shares guys, I have a feeling the register is going to tighten right up! IMO.![]()
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