RE: Pumping to break resistance10 Dec 2024 18:43
Let see what plan out and deliver by this greedy people:)
Omar Ahmad is to recieve147,000,522 Shares, plus a further 96,115,385 new ordinary shares, representing 7.35% of the total number of new Shares issued pursuant to the Capital Raising. The total number of shares due to Omar Ahmad will be 243,115,907 new ordinary shares.
路 Hamza Choudhry is to receive 52,999,478 Shares, plus a further 34,653,846 new ordinary shares, representing 2.65% of the total number of new Shares issued pursuant to the Capital Raising. The total number of shares due to Hamza Choudhry will be 87,653,324 new ordinary shares.
As per same Aug 24 RNS,
Global will acquire an initial 70% of the licence for consideration of 拢200,000. Upon completion of the sale of assets, Global's interest in the licence will be 70%, and Callum Baxter's 30%.
路 Global has a 3 month option to purchase an additional 10% of the licence for 拢50,000 thus increasing Global's interest to 80% of the licence, with Callum Baxter retaining 20%.
And, further this 750K commited pending without any money in hand:)
路 Global is committed to a minimum of 拢750,000 expenditure under the JV over the period of 12 months following the completion date.