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16.5¢ sundance energy australia limited

Hi @cmonaussie What's the date that we can expect an...

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tt2000

4,682 Posts.

1231

15/06/20

14:59

Post #: 45228948
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Originally posted by tt2000 ↑

Agreed

Also If they get 10% this year, next year they get another 10%...

Yr0: 0/100
Yr1: 10/110
Yr2: 21/121
Yr3: 33/133
Yr4: 46/146
Yr5: 61/161

I don't understand the risk sharing here

Why do they get equity reward without equity risk. I'd be more comfortable with giving them a bonus salary (up to 100%) that if they achieve the same milestones that will currently give them 750k shares

Along the way (ie now) they can use their own salary to buy equity by buying up on market. Why do they get free shares at 3.33 that come at a time that there was negative oil price.

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Hi
@cmonaussie

What's the date that we can expect an announcement on this - T+4 ?

wouldn't that be the 12th of June?

"Failure to enter such amendment by June 8, 2020 will constitute an event of default under the Term Loan, unless the Company and the lenders mutually agree to a later date in writing."

Last edited by tt2000: 15/06/20

SEA Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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