Australia's largest stock trading and investment forum Australia's #1 stock forum

WPI

Click for more information

0.00%

2.5¢ west peak iron limited

Well, it all makes sense... but directors are supposed to advice...

First 56 Last

Share
Profile

Follow
forrestfield

12,115 Posts.

1

19/08/15

13:18

Post #: 15834577
Share

Originally posted by munchy360 ↑

I'm happy to be wrong also.

MW has 24 million in his name but I took the other 23million, whilst not in his name directly, are in the name of the underwriters which he is a director of and 60% owner of, so figured that all in all he owns 47million.

This is taken from globe traders post on the 20/7th from the dream team thread...

View attachment 88290

Ive already noticed an error on my behalf, the underwriter only picked up 29.5million not 38million. So 60% of what the underwriter received is 17.7 million (what's attributable to MW ownership of the underwriter)

So 41.7 million to MW or 21%

So it's only 69.5% of the company held by the directors and their associated companies.

I hope this is now correct. Sorry for my confusion, it's been a busy night at work

Expand

Well, it all makes sense... but directors are supposed to advice the change of directors interest notice whether direct or indirect within 14 days... I can't find one so I am not sure really...
I am waiting for top 20 to figure out the exact numbers...
Cheers

WPI Price at posting: 2.4¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

CXM

'Taking money from the market': Garbage giant cleans up as this week's Hot Stock tip

There are more pages in this discussion • 1 more message in this thread...

First 56 Last

Add WPI (ASX) to my watchlist