The escrowed shares are included in the market cap.
The next set of performance shares 7m, are based on having sales of $20m by this coming June so will probably expire just as the Class A's did.
The 20m Rotogro Inc performance shares will vest after C$10m in perishable sales unfortunately necessary to get "exclusivity" which Freshero requires. Gibio 1st approached them & they pushed the work to us, so will be well & truly worth it.
The bulk of the shares being issued are for the Supra acquisition. This will be a cash cow with an off take agreement, again necessary to fast track our cultivation.
Interesting the new Director's involvement with Freshero. As per my previous post, Freshero is going to be huge, the major Australian supermarket will be Australia wide, then Asia as well. And already expanding into Qatar & Nevada. This is going to be a very valuable partnership, Tony Mahoney is a shareholder in RGI, now they will have a direct involvement in the board.
- Mr Lude is the sole director of Advantage Management Pty Limited. Bruce Lane and Bevan Tarrett, Freshero Pty Limited’s chief operating officer and chief financial officer respectively, are employees of, or consult to, Advantage Management Pty Limited.
