RE: .4 Jul 2025 04:32
No it's factual and im more concerned about the BOD thinking PI are stupid, loading the .018s onto retail when we were .08-010p
Confetti as per below:
1) Given their confidence in the management of the Company and its plans, the Brokers have elected to
take part or all of their cash commission in equity resulting in an additional 321,027,778 shares being
issued.
2)As part of the placement structure, 266,666,667 warrants will be issued to brokers, exercisable at a 25%
premium to the Placing price over a a 36 month term.
3)The Consultancy Agreements incur no initial cash costs and define both the services to be delivered by
the Advisers and the standards of such services (including reasonable time and skill). In consideration of
the Consultancy Services it is intended that Advisers will be granted nil cost warrants ("Adviser
Warrants") over a total number of shares amounting to a value of £350,000 divided by the Placing Price.
It is intended that these Warrants will vest as follows:
And another several billion over the passed day or two at only .20?
And it does stop here, guess how the brokers were paid???
4) Further to the Director Participation, to maximise the retained capital from the Placing and the WRAP
Retail Offer, the Company has elected for the fees of certain directors, brokers and advisors to be
settled by issuing 1,750,000,000 Ordinary Shares ("Settlement Shares") at the Placing Price (the
“Settlement Fees”).
Not for me
All IMO though