I'm just going off what has been disclosed in the announcement. Presumably the company would not want to exaggerate the amount that they have paid to Integrous. They've stated in 2022 the shares were in lieu of US$25k and in 2023 theyve stated that they were in lieu of US$40k (presumably ex associated costs). As we get closer to listing, ramp up in cost in line with ramp up in activities makes sense.
Its another thing that neither of us is privy to knowing the details of, so we are both just speculating. I guess what you are speculating on is the company has essentially misrepresented what they are paying, while I am speculating that Integrous is apparently happy to be paid at a heavy mark up on current trading price.
There may have been initial terms agreed that explain this away, but it still paints a more optimistic picture than them asking for US$40k in cash, or even 350k shares.
Add to My Watchlist
What is My Watchlist?
