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

OTE

Click for more information

0.00%

0.3¢ otis energy limited

Ok cheers Nine Lives, I went back and had another read, and yes...

First 26 Last

Share
Profile

Follow
fooca

4,294 Posts.

511

07/01/15

14:45

Post #: 14548887
Share

Originally posted by nine lives ↑

Hi fooca, I have read the prospectus and the preso from November. The current OTE shares will be consolidated 10 for 1 but then the vendor gets 298,333,333 ISX shares for the product and in excess of a further 366,666,667 performance shares if $10 mill P.A. can be achieved. Then there is the cap raise for the necessary capital and that will be about another 103,000,000 shares. The grand total of shares according to the prospectus will be 917,644,780. The vendor will start of with about a 70% share of the new capital structure assuming annual revenue of 10 mill. It's all on page 24 of the prospectus.

Expand

Ok cheers Nine Lives,
I went back and had another read, and yes nearly 1 billion shares post consolidation does take away some of the gloss, but the technology has a lot of merit. A negative to the technology would be most credit card providers have fraud protection but fraud is only part of it though.

OTE Price at posting: 0.3¢ Sentiment: Buy Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

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

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

RSG

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

There are more pages in this discussion • 10 more messages in this thread...

First 26 Last

Add OTE (ASX) to my watchlist