I am hoping some/most these get placed out to institutional investors after the reverse share-split. As I can figure, Catcha Group, Middle Kingdom and Rebate Networks owns about 210m shares so I am assuming that the 173m shares out of escrow are essentially all theirs.
Catcha has 106m shares (14%) so assuming they, as the core shareholder, are not selling, that leaves 67-110m shares from the sellers of DealGuru and Buy Together (who have waited two years - now we find out what those businesses are really worth!). That's about A$6-11m of private placements to happen or another 10-14% shares locked away to institutional investors.
E88 Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held