More reasons for selloff ...... thing is we dont know if these shares were sold down and at what point- id say the Cadman advisory probably sold after issued as they are an advisory business and would be their way of getting paid - on the other matter of performance shares , we dont know if they are still held since issue on 18th Feb however the only reasons i can see for such a brutal selloff from 15c - if we take the date of these performance shares being issued which was on 16th February , OOK shareprice was 6.5c so some of those performance shares may have been sold - its now 5 weeks since those performance shares were handed out which also makes me think the selling is over !!!! cheers G101
As announced on 5 February 2018, the Company has issued 1,315,789 fully paid ordinary shares at a deemed issue price of $0.038 per Share to Cadmon Advisory in part consideration for corporate advisory services provided in relation to the Brontech acquisition. On 13 February 2018, the Company signed a collaboration agreement with Australian founded digital asset exchange National Currency Exchange Group Limited (“NCX”).
Under the agreement, the parties will collaborate and share the intellectual property of their respective technologies, with a view to developing a “preferred” client model allowing members to seamlessly utilise technology and product offerings within the Ookami ecosystem.
This model envisages that once fully verified, clients will have access to a digital wallet allowing Akela to be the first securities investment platform to integrate digital asset payment solutions for use in traditional equity offering.
On 16 February 2018, the Company announced that Non-Executive Director, Mt Peter Wall has resigned from the Board. On 16 February 2018, the Company has issued 40,520,570 fully paid ordinary shares on conversion of 36,000,000 Performance Rights and 4,520,270 Options.
OOK Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
