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Love the pitch MSN... Now we just need to find a way to convince...

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Yobo

38 Posts.

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15/06/18

09:27

Post #: 33727537
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Originally posted by msn81 ↑

Just throwing this idea out there – the more eyes reading this the merrier

Ref – returning the 830m shares issued as a ‘discretionary bonus’.

Given where we are today – namely:
- The SoarLabs out of court settlement has happened.
- There are visible signs of the Crypto Exchange getting up in the near future.

I, and probably most of us, are assuming this initiative is probably not worth pursuing.

However, considering that these shares were issued on market after BPG went into suspension, Management have not yet benefited (other than being ‘richer’ on paper) from these shares.

At current/suspended price ($0.009), these shares are worth $7,470,000 – assuming they could find 830m buys at that price.
Lets assume half that price $3,750,000 (if they dumped them upon the suspension being lifted).

To prevent / deter management from dumping these shares upon open / soon after (forcing the SP down) – my idea, for making the SP go up...

If, say, management returned 300m shares – out of the 830m... and – here’s the good part...

If Management made an Offer to current Share Holders to:

Issue these 300m shares proportionately to Share Holders based on current share-holding / or some calculated way ... but only on a performance rights basis...

E.g.
50% of the 300m shares If the BPG Share Price hits a 10 day VWAP of 1.5c
50% of the 300m shares if the BPG Share Price hits a 10 day VWAP of 2c

This way – it would be in all Share Holders interests to get the SP to go North.
Us Share Holders will all be collectively responsible for the marketing and promotion of BPX as it would be in our interest to get issued those performance rights shares, and it would be in our interest not to sell upon open also. Of course – only issued to current share-holders (as of now), not new, and only if no shares are sold – details to be agreed etc

Further, doing the math (for management)...
If 300m shares were issued on a performance rights basis – then.
Management will still hold 530m of those original shares issued.

530m x 2c = $10,600,000

This is a lot better than 830m x 0.009 = $7,470,000 and a hulla lot better than the $3,750,000 mass dumping scenario.

Win-Win-Win scenario:
- Free marketing and promotion for BPG; Us spruiking this stock as much as possible from all current holders
- We get issued with 'free shares'
- No incentive for anyone to sell upon open

Just a thought/provoke some discussion here...
Cheers
MSN

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Love the pitch MSN... Now we just need to find a way to convince the self-interested management team that seem like they would rather go for a quick buck than a much better long term gain.

BPG Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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Love the pitch MSN... Now we just need to find a way to convince...

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