RE: Appledore10 Jun 2021 13:59
Don't think there is any "has to" about it, to be fair, Stokey. It either will or it won't.
But, I guess a lot can happen in two months. But then, historically speaking, so can bugger all.
Here's what is left to finalise the deal.
Tranche 2 on the first anniversary of Completion of £1.50million:
A total of £1.50million consisting of cash of £1.20million and Ordinary Shares in the Company equivalent to £300,000
Tranche 3 on the second anniversary of Completion:
A total of £2million consisting of cash of £1.60million and Ordinary Shares in the Company equivalent to £400,000
Tranche 4 on the 30th month anniversary of Completion:
A total of £2million consisting of cash of £1.60million and Ordinary Shares in the Company equivalent to £400,000
So after the next payment is done there will be a further 18 months to find £3.2m in cash. Which with a few decent actual paying contracts is doable. I would hope.
And the equivalent of £800k in shares. Jeeze, thats less than a cheeky bonus to some. :)