BPG (ASX) Bpg should directors return the shares

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

Expand

Great idea mate. I'd happily put my entire holding of BPG in an escrow if this type of scenario was to play out. Unfortunately like others have said the chances are slim to nothing

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

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

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

MIN

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

HotCopper Highlights: Your most watched stocks for Week 48, 2024

ACW

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

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

WC8

Bpg should directors return the shares, page-28

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

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

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

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

HotCopper Highlights: Your most watched stocks for Week 48, 2024

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

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

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

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Bpg should directors return the shares, page-28

Top Stories

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

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

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

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

HotCopper Highlights: Your most watched stocks for Week 48, 2024

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

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

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

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor