Too Late Now!, page-3

Alex and existing odn directors won't be directors of Gridcomm after the RTO that needs to be made clear.
They will of course get shares from Austrasia and the lead manager stands to make a lot of $$$$$...
Far too much to run a campaign for $6M imo..

Will hear the usual crappy excuses about xmas / time of year from these guys i am thinking.. does anyone know how many extensions they are allowed before they give up and/or it folds? Also where are the company updates presentations?

For me the conditions need to change if they want my money.
35:1 consolidation is a stitch up. Should be 20:1 max.
Con notes need to be removed that's also a joke. Criminal almost.
Performance shares need to based on SAAS revenue not Gross revenue.

It's one of those things I am going to lose 100% of my money or 70-80% of my money at this stage..
If they get the $10M revenue target the company dilutes by another 80%.. so it somewhat caps the shareprice as the market cap inflates. I wonder how much revenue will be required for Gridcomm to become profitable based on dilution, capital raise, and market cap.. I am thinking $30M+ pa.