Yes i did read the question.
your question said "So, just in case if PEP-11 LICENCE REJECTED, whats happend to raised $9 million in Share Placement?"
The $9 million was a share issue so we got 64 million in issued shares. We get what the number of of shares we paid for.
If we are rejected for PEP11 the share price will plummet offcourse it will. There is no denying the drop. Have a look at CUE when they came up empty recently with there resource. Our share price would go back to 1-2 cents. SI will still hold the same number of shares and that $9 million will support the directors wages for a few years as they seek another investment opportunity. If they cant the company will be eventually wound up.
ive dealt with a lot of these spec companys and many are shells with directors receiving handsom wages.
SP to rocket on 12/02/2021, page-957
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