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24 month escrow is what i'm reading from prospectus.... So at...

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Ronaldfc

804 Posts.

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14/11/19

17:41

Post #: 41430208
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Originally posted by cspro: ↑

Looks pretty good (and I'll be going in for some), but if you're looking to hold for a while be aware that there are another 95 mil shares being issued outside of the public offer (= dilution):
- They have $3.7mil in convertible notes which will convert to shares at a deemed issue price of 12c/share (approx 1/3 in escrow).
- And there will also be $13mil in shares issued for the purchase of OL Singapore (less than 1/3 in escrow).
So Directors and seed investors are doing just fine out of this float. Oh, and there are the usual millions of performance options, etc being issued. Worth keeping in mind.

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24 month escrow is what i'm reading from prospectus.... So at least there will be some decent incentives for them to make this work lol
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