G'day @elit. Thanks for that comprehensive list of questions re...

G'day @elit. Thanks for that comprehensive list of questions re XPED. I don't have any answers but I remind myself that in recent times we've attracted substantial sums of smart money. To wit:
The ann on 23/8/17 “Completion of $3,000,000 Placement" advises that Xped completed a placement for 250,000,000 shares at an issue price of 1.2c per share to raise $3,000,000 using Armada Capital (ACE) as lead manager. Armada was paid 1% of funds raised (1% of $3,000,000 = $30,000) plus a Capital Raise fee of 5% of funds raised (5% of $3,000,000 = $150,000)
So, Armada has already been paid $180,000 but they stand to gain a lot more if things go their way because "In addition the following options will be allocated to ACE and/or its nominee:
25,000,000 unlisted XPEOD options (expire 18^th January 2018, exercisable at 4c)
25,000,000 unlisted XPEOC options (expire 31st December 2018, exercisable at10c)

Further, the Company has agreed to issue to ACE and/or its nominee the following ordinary
XPE shares upon certain milestones being reached:
5,000,000 fully paid ordinary XPE shares in the event the price of XPE shares trades
for 5 consecutive days above A$0.04 within 12 months of the date of issue of the
Placement Shares (5M x 0.04 = $200,000); and
5,000,000 fully paid ordinary XPE shares in the event the price of XPE shares tradesfor 5 consecutive days above A$0.06 within 12 months of the date of issue of the Placement Shares.
(5M x 0.06 = $300,000). Total: $500,000

Seems to me that Armada have a lot of incentive to get the SP up to at least 4c/6c before August 2018 and that’s without considering their oppies. If they could pump it up to say 6c before the 4c options expire on18/1/18 they get another 5,000,000 x 0.02 = $100,000 on top of the $500,000.

Also, from ann re option shortfall in July:
"Xped Limited confirms that acceptances of applications pursuant to Bonus Option Offer announced on 18 May 2017 have been received from Eligible Shareholders for a total of 149,285,289 Bonus Options. The valid acceptances give rise to a shortfall of 419,391,619 new Options."

The Bonus Option Offer was underwritten by Leadenhall Australia Pty Ltd. So Leadenhall now holds 419M shortfall oppies which would have cost them 419,391,619 x 0.001 = $419,391. They have a strike price of 0.04 and expire 25/1/2018 (a week later than the accepted oppies).
I reckon Leadenhall also have a lot of incentive to pump the SP up into the money before they expire on 25/1/18.

And then we have the Milestone Shares for Dr Sheng.
See Xped notice “ASX Waiver Granted” dated 19/10/2017
The Milestone Share targets are as follows:

• Milestone 1 – 10,000,000 shares issued if Dr Sheng (or his associates or affiliates) generates $250,000 in sales within 12 months of 1 October 2017;
• Milestone 2 – 10,000,000 shares issued if Dr Sheng (or his associates or affiliates) enerates $3,000,000 in sales within 12 months of 1 October 2017;
• Milestone 3 – 10,000,000 shares issued if Dr Sheng (or his associates or affiliates) generates $6,000,000 in sales within 24 months of 1 October 2017; and
• Milestone 4 – 10,000,000 shares issued if Dr Sheng (or his associates or affiliates) generates $10,000,000 in sales within 24 months of 1 October 2017, for sales that Dr heng (or his associates or affiliates) introduces to the Company (each a Milestone)
• It may be all smoke and mirrors but I suspect that Armada, Leadenhall et al know more than we do.
• And, if I've made any mistakes with these numbers I'm very happy to be corrected.
• GLTAH and DYOR
• papacarlos