E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste, page-174

  1. 20,847 Posts.
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    Voted No on all the share option motions.
    The company has provided no accounts to shareholders, no updates on the IPO timeline & failed to define any sort of long term strategy or targets for the company.

    All we know is that they are currently processing 1-2 tonnes of CPUs a day (365-730 tonnes p.a) & the 'capacity' of the Villawood is 60 tonnes a day (22k tonnes p.a.).
    How long will it take for Villawood to reach capacity?
    Will that be before or after any IPO?
    What volumes are required to reach breakeven & the EBITDA option targets?

    In my opinion not only do the option targets appear too soft but also shouldn't vest until after any IPO or trade sale is triggered.
    Last edited by Tarvold: 28/05/23
 
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