RAP - The Main Game, page-840

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #

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masterash

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01/03/17

08:38

Post #: 22996100
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Originally posted by Wise_One ↑

@masterash

Yes, more of BLs shares come out of Escrow in Juky, however we will be unable to sell them as the stock will be in a "restricted window"

If everything's on track, the FDA submission would have been made in 1H with a decision in Q3...

There is no chance in hell he would be able to legally sell his shares during the FDA's processing window - the board wouldn't approve & ASIC would also have concerns.

Thus - his window would open after the FDA decision... In which case he'd probably be getting over $1 each in any event IMO

Finally, for all those who doubted the "legitimacy" of BLs claim to satisfy a tax liability due, hence selling all those months ago - yesterday's Half Yearly report should help the understanding of this.

The company incurred $5.5m in "Share Based Payments" expense due to the issue of options to directors & key staff... This expense is also recognized as income for whomever received it - BL would have received a significant amount of these...

Note that BL also received Share Based Payments from his other directorships too... Look at Alcidion (ALC) his receipt was c. $700k alone on that one.

Hope that puts to bed any lingering worries about the past & we can embrace THE MONTH OF MARCH!!

This is it... It all comes together this month!

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Good Morning,

I agree with what you are saying but time will tell what happens in July really. I am not blaming BL but just have to watch out next time.

In terms of timelines, there will be delays in the process which will be out of control of our BOD and timelines will slip as we have seen with organizing the trials so just have to hold tight.

RAP Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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RAP - The Main Game, page-840

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