It’s been disappointing to watch UUV since listing though i’ve topped up my UUVO holdings multiple times at this weakness in share price. Why? Primarily due to the aligned interest between management, directors and shareholders. They are very motivated to get the share price up through the 30c mark over the next 12 months and I believe they will get there.
Performance Shares: - Class A - 15m shares - 30-day share price vwap of above 30c + at least 20 paying customers within two years of listing date. - Class B - 15m shares - $7m cumulative revenue within 3 years of listing or $2.5m revenue in any 12 month period within 3 years of listing. - Class C - 15m shares - $3m cumulative ebit within 3 years of listing or $1 ebit in any 12 month period within 3 years of listing.
Options: - 11.8m Directors/Management/Advisor options with 30c price with expiry dates from 20 April 2019 to 20 April 2020. - 200k Options with 40c price with expiry date of 20 April 2020
Current Shares:
- Durval Tavares, CTO owns 29,387,143 Shares
- Peter James, director owns 398,213 Shares
- Brendan Martin, director owns 125,000 shares
- Top 20 hold 82.08% at listing with 75% of the register escrowed until 20 April 2019.
UUV Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held