Prior to quotation, it will be necessary for certain Existing Shareholders (including Directors and their related entities) to enter into escrow restriction agreements with Ambassador. The effect of the escrow restriction agreements will be that the securities cannot be dealt with for a period as determined by the ASX, usually up to 24 months from the date of quotation of the Shares on ASX. Any Shares issued to Existing Shareholders under the Offer may also be classified by ASX as restricted securities and subject to restriction agreements.
We don't have to worry about these share being dumped. Original investors will be wanting more than the original 20 cent issue price.
AQO Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held