IOR 0.00% 0.0¢ indiore ltd

Ann: Company & Phase 3 Expansion Update & App 3Z, page-24

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  1. 14 Posts.
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    (a) Shares: the share amount will be determined by then share price (1- month VWAP immediately before end of term) less a 15% discount;

    If the VWAP share price is at 40c in 3 years, then I read is that First Samual get to buy at 15% discount to 40c - not to the current price now.

    Am I mistaken?
    Last edited by Unrealeous: added bolding 05/09/18
 
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