In the video, Ross talks about share ownership and structure.
He has 3% of the company, or 32m shares, valued at current share price at about $5.5m.
'His' business (privately owned by various investors), Investorlink have 20%, or 214m shares, valued at current share price at about $36m.
All escrowed. I expect all the other directors have similar holdings ....
I think they probably have enough shares for now.
When they are out of escrow, and they can trade them - they will probably pay more attention to the price and will be in a better position to take the next step in terms of move stock exchanges, buyback to life the price etc. Buying $5m of shares would see the share price go over 40c currently....that would certainly firm up the Investorlink balance sheet as well in the event they wanted to float.
Worth watching this quarter IMO, although you can expect that if turnover and margin improves this quarter and this share price goes up, it will be a seismic shift and in a short space of time. (bit liked when it was shorted on the way down!).
NNW Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
