Read the prospectus (closely) Golfi, Rupert and his associated companies, as well as affiliated clients he recommended the IPO to, ALL paid 25c per share in a pre-IPO raising, all up for 9 million shares, or a total of AUD$2.25 million.
There are 100 million shares currently free floating, the rest are the escrowed 75% belonging to the Lau's.
Personally, I'm happy to buy any shares at the price Rupert paid, but I agree with you, in that the current market sentiment may see these now fall below 20 cents with a little bit of luck, which is what I'm waiting to grab more of - just waiting!
Gw
ECG Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
