does make you wonder. 9 million to 3 million. Did they think they were getting 3 quarters of the company?
Also the seller obviously had it geared for sale and had the capital into so many shares or have issued some in other funding rounds? Who are the other holders? ?
so they have 25% share so there is 12million shares on issue - any other vendor options , staff performance option , freebies, performance shares? etc etc - always the fine print and always check the fully diluted capital
I wonder who gets a seat on the Runa board and some extra fees for the 25% investment ?
The final mystery is what "performance"hurdle does IOT have to jump to get issued with the free 25c options? Introduce to their network ha ha!!!
IOT Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held