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jimmyz82

1,033 Posts.

126

22/08/23

12:11

Post #: 69476005
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Originally posted by Tekvest: ↑

This is my opinion and others have agreed. CD022 has made the point that shareholders should be shaking the board down for a better deal. I absolutely agree and think it is a shame that they just cop it.

The new deal, if voted in favour of by holders, consists of 3 parts: the existing shareholders; 2 investors tipping in $10 mil in exchange for an estimated 200 million shares; and Motive tipping in $79 mil. ($50 mil USD)

SPT is now about $29 mil MC, by the time of the vote, maybe $8 mil, so the MC of the new company will be circa $97 mil. Existing SPT will form less than 10% of the MC of the new company. Because the shares will be 31 cents AUD as required by Motive (who calls the shots, not the other way round), holders will need to tip in large numbers to make up a 31 cent share.

Motive's contribution of $79 mil will give them 250 million shares at roughly 31 cents as required: the others' contributions need to be measured around that.

Vast dilution = sh#t sandwich IMO

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so if one has 150,000 shares for instance at an average of 25cents, what would they be worth after?

SPT Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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