Yea look I can't say I was not in in from time to time. There will always be stocks that just ride momentum and sentiment but I feel like this one is pushing the envelope a little too far in terms of generosity to hangers-on with regard to the IPO. WHA and BUB and even KTD did not have such ridiculous dilution impacts and exorbitant cash and equity based fees.
Your thoughts on the actual prospectus? Personally i'm not enamoured with the board or management's so called skills and experience and the structure of the lead manager's and promoter's remuneration. Usually they are out-of-the-money options, this is just a giveaway of performance rights and outright shares.
Application form, page-14
Currently unlisted. Proposed listing date: 3 APRIL 2019 #