From the 3B: 22,222,222 Shares were issued at an issue price of $0.0045 per Share ($100,000 total consideration).
From the cleansing notice: On 10 April 2018, IOT Group Limited (the Company) issued 11,111,111 fully paid ordinary shares at an issue price of $0.045 per Share to SJ Capital Pty Ltd for working capital purposes and on 11 April 2018, the Company issued 11,111,111 fully paid ordinary shares (Shares) at an issue price of $0.045 per Share to SJ Capital Pty Ltd for working capital purposes.
Typical sloppy work.....only out by a factor of 10...haha.
Why would anyone pay $0.0060 per share when IOT has been selling them for $0.0045 ?
IOT Price at posting:
0.6¢ Sentiment: Hold Disclosure: Not Held
