Australia's largest stock trading and investment forum Australia's #1 stock forum

WGO

Click for more information

0.00%

35.5¢ warrego energy limited

seems like typo, may be intended to say 50 000 000

First 69 Last

Share
Profile

Follow
grubarura

11,591 Posts.

604

15/04/18

02:26

Post #: 32460964
Share

Originally posted by cyprus ↑

Is not a commitment. Could just be a teaser. Will not know until next week.

"Mr David Casey has determined his level of participation in the Offer will not exceed 5,000,000 shares."

Agree, does not strictly say DC will buy 5m. For the record, DC's entitlement is 47m shares ($188k).

"Mr David Casey taking up 5,000,000 New Shares under the Offer and 29,085,750 Shares in lieu of accrued liabilities (subject to the approval of Shareholders, refer to Section 8.2)"

The 29m shares referred to is DC's $116k unpaid salary.

Hope they all (the directors) did chip in. To be proper, will have to have paid on Thursday.

One thing I do know is that they (the directors) cannot fill the shortfall. Directors can only subscribe to shortfall (i.e. more than their basic entitlement) if SH approve. There has been no indication of seeking such SH request.

Directors between them hold 135m shares. On a 2:3 basis they can subscribe for 90m shares ($360k) if they want to.

Agree, time will tell!!! Find out next week???

Expand

seems like typo, may be intended to say 50 000 000

PRL Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Making money: How many microcaps should be in an investor's portfolio?

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

There are more pages in this discussion • 1 more message in this thread...

First 69 Last

Add WGO (ASX) to my watchlist