I just got the info from the company announcement playwithfire
The option fee of $80 grand paid to Empire gave him the right to purchase ( personally ) the final 7 million FYI shares on Empire’s books at a minimum of 12c a share ...if the price girls over that before he pays up Empire will get 30% of any increased value...
25.05.18 https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6wu4zxGZpeV1ke92GA==
...
Maybe I better look some more at what’s going on at FYI? Is that $840,000 worth of shares he has optioned go by when as I read it he already holds more than $11 million.
All of their announcements are also so much more professional it is hard to believe they are coming out of the same office .
If FYI is about to go boom and Empire about to go bust it is no hardship for Jessup and Sargeant to “move house” so to speak....
Hmmm,
Where does he already claim ownership?
Cheers
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