MOO 0.00% 0.2¢ monto minerals ltd

Performance rights, page-3

  1. 901 Posts.
    lightbulb Created with Sketch. 32
    I really like Shareroot and think it's got so much potential, but when you look at the bigger picture, what is happening stinks a bit.
    The recent entitlement for current shareholders was only about 55% subscribed. Whoever was lucky enough to get the rest at a substantial discount weren't the regular holders but people chosen at the discretion of ... people willing to make a quick profit and therefore the price has dropped significantly. If it were distributed to shareholders then we wouldn't see this dump.

    The performance rights are practically fulfilled already. the performance rights will be subject to shareholder approval, but of course these low targets will be approved because the main holders will be management and the team from shareRoot. Why wouldn't they approve themselves these low targets?
    Also, while we got a 30% discount at face value for ShareRoot a price that was at a face value of $10mill but we got for $7mill. the figures don't really represent such a good offer with where the share price has been.

    Sorry for the rant, just not happy.
 
watchlist Created with Sketch. Add MOO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.