@dontran 45 million, I assume these are the ones you are referring to, not the new 3B.
These have already been on market for 9 months. Price at the time was about 2.5c.
Not sure if these have been sold and sucked up or if smart they're just holding.
However, we are at 8.0c as of today which is a 220% gain and as much as 500% @ 15c.
These were also for the original consideration for the acquisition of Pointerra Party LTD., based on performance.
It is not like the 45 mil, 60 mil, 60 mil were hidden from public view or unexpected.
They have hit their goals. Thumbs up from me.
As far as the 14,000,000.
6,000,000 don't even Vest until March 2019 with continued employment.
The 8,000,000 go to Canary Capital and I assume still have to be exercised before hitting market, unless they just sell the options.
Price at time 4.4c
I can't tell you if Canary Capital were the catalyst for the SP but we're sitting at 80% higher as of today and reached as much as 15c and 340% from that 4.4c mark. So either way I'm pleased with the SP action.
45,000,000 Heads for acquisition of Pointerra Party Ltd.
60,000 000 Heads for acquisition of Pointerra Party Ltd.
60,000,000 Heads for acquisition of Pointerra Party Ltd.
4,000,000Canary Capital don't know of 3b of being exercised.**
4,000,000Canary Capital need 3b to be exercised or sold on option market.
4,000,000Canary Capital need 3b to be exercised or sold on option market.
** NOTE 10. SHARE-BASED PAYMENTS (a) Options issued to advisers 4,000,000 incentive options with an expiry date of 25 September 2020 and an exercise price of $0.05 were issued on 25 September 2017 pursuant to a signed Investor Marketing Services Mandate. The options were valued at $0.0165 and were expensed as share-based payments.
Personally I'm happy with this release, less restraints over 3dp SH's as far as I can see. And I'm glad to get these out of the way before the Offensive Push starts to show a real cash positive revenue stream.
The only item left hanging are the chunky chunk of shares still in escrow, although these, I believe, are owned by BOD. (so not too worried about being sold).
We'll see 3B's for Canary options if they don't sell on option market.
If we see any Ann's "change in substantial holdings" from BOD other than a holiday, home expense or college payment and it's something far larger, then I would say run like the "Chariot's of Fire"
If not watch the SP Run, Run Run in the next 3-9 months with at least an escrow hurdle before the finish line.
#SCALEUP.....
3DP Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
