MDR 3.45% 30.0¢ medadvisor limited

MedAdvisor off and running, page-57

  1. 213 Posts.
    Yeah that capital structure looks about right...

    686,986,687 ordinary shares according to Top 20 holders (415,543,386 Top 20 + 271,443,301 Others)

    MDRO shares about to expire end of this month, strike price 20cents.

    Performance shares based on Milestones:
    "Conversion of the Founder Performance Shares (l) (Milestones): The Founder Performance Shares will convert upon satisfaction of any one of the following milestones:
    (i) 50% of the Founder Performance Shares shall convert upon the “Medadvisor Platform” being activated at 2,500 pharmacies within a period of 2 years from the issue of the Founder Performance Shares; and
    (ii) 50% of the Founder Performance Shares shall convert upon the Company receiving annualised revenue from the MedAdvisor business (calculated over two consecutive calendar quarters) of no less than $5,000,000, within a period of 3 years from the issue of the Founder Performance Shares, (each referred to as a Milestone).

    Can't locate the Bennetto and Lead Manager options though...
 
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