Hi All,
Just wanting some thoughts on the following resolutions - especially Resolution 7!
Resolution 4 – Adoption of Employee Incentive Securities Plan
Resolution 5 – Approval to issue Director Options
Resolution 7 – Approval to issue Advisory Options:
- The Advisory Options will be issued at $0.00001 per Option.
- Xcel Capital is a related party of the Company by virtue of Mr Bulseco, a Director of the Company, being a substantial shareholder and director of Xcel Capital.
- The Advisory Options will be issued at an issue price of $0.00001 per Option and a maximum of $125 will be raised as a result of the issue.
- As only nominal funds will be raised from the issue of Advisory Options, the funds will be used for working capital.
Is resolution 7 not concerning to anyone? Isn't the cost associated with fulfilling resolution 7 more than the actual expected money raised from it of $125?
Or is this good value for us as we can expect some brilliant advisory services for which will greatly benefit SI6 and shareholder?
Welcome any thoughts.
Cheers,
Ja
- Forums
- ASX - By Stock
- Ann: Notice of General Meeting/Proxy Form
Hi All, Just wanting some thoughts on the following resolutions...
Featured News
Add SI6 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.001(50.0%) |
Mkt cap ! $4.737M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $163 | 128.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 82350285 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 55387793 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
53 | 217058794 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 22295754 | 26 |
0.003 | 14364874 | 16 |
0.004 | 18041053 | 16 |
0.005 | 4483914 | 12 |
0.006 | 7843276 | 6 |
Last trade - 10.22am 06/11/2024 (20 minute delay) ? |
Featured News
SI6 (ASX) Chart |