As a consequence of the attainment of the Phase 1 deliverables and in conformity with the terms and conditions specified in the Company’s Prospectus dated 21 September 2017, on 10 July 2018 the Company issued 10,000,000 fully paid ordinary shares (Shares) pursuant to the conversion of 10,000,000 Performance Rights.
As a consequence of the conversion of the Performance Rights, 8,000,000 Shares were issued to the Company’s controlling shareholder iFree Group (International) Limited (iFree). iFree now holds 41.84% of the Company’s issued Shares.
So, someone, or some entity, was issued 10 million shares, or was it 8 million shares, or was it 18 million shares, two weeks before the SP inexplicably rose from 30 cents to well over $2.
Is that correct?
As a consequence of the attainment of the Phase 1 deliverables...
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