Who on earth are Raya?, page-16

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Area51

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28/10/15

11:57

Post #: 16271404
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Originally posted by potshot ↑

@Area51
Dilution is as follows
"Under the terms of the Heads of Agreement, the Company has reached agreement with the key shareholders and founders holding some 95.6 % and understand that by 3 November 2015, the remaining shareholders who hold some 4.4 % will have completed documentation enabling RYG to then acquire 100% of the issued capital of Xped (Xped Vendors). On this happening RYG will make a non-refundable payment of $50,000 to Xped to fund working capital.
In consideration for all of the Sale Shares, the Company will pay 640,000,000 FPO RYG Shares to the Xped Vendors as the purchase price (Purchase Price).
Additionally, there are some 150,000,000 managed performance based shares to be issued along with 320,000,000 Management Incentive Options each exerciseable at 2 cents on or before 36 month from listing date (Further Options). It is noted that the performance milestones for Xped Holdings is defined by 3 separate and distinct events as noted below. "

THEN..on top of all this it is VERY IMPORTANT to remember RYG only currently hold 414K in cash...That will go nowhere..see administration costs alone.

There is huge dilution coming here

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The fact that you posted up the structure that I was just referring to shows you actually don't have a handle on the post deal valuations, the vend valuations, the market cap or the valuations of xpeds peers.

I suggest you do some research before scare mongering. In my opinion the company has secured an amazing deal. Glta

RYG Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Who on earth are Raya?, page-16

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