whatever happens.. first is dilution of 12% for the existing share holders. Also when they talk about buyback it would be buying shares issued to DADI owner.
??? What you are saying is impossible to occur ??? The shares issued to Ian Malouf are in escrow as detailed in the announcement:
DADI Founder Ian Malouf now has a relevant interest in approximately 12% of BINGO as a result of the BINGO shares issued to him at completion of the acquisition. Shares held directly by Mr Malouf are subject to escrow over four equal tranches to be released nine, 12, 18 and 24 months after today. Mr Malouf will be appointed to the BINGO Board as a Non-Executive Director.
BIN Price at posting:
$1.56 Sentiment: None Disclosure: Held
The shares issued to Ian Malouf are in escrow as detailed in the announcement:
