Funding structure is fair30 Aug 2019 12:56
The Investors have covenanted with the Company to use their best endeavours to dispose of at least 4,555,459 shares per month so a minimum of 227,773 per working day.
In order to achieve the 9,110918 per month the investors need to dispose of 455,545 share per working day.
However to achieve this they need 2,277,250 volume per working day as they can only sell a maximum of 19.99%
Surely the investors also require good news to increase volume.
Once this reaches and remains above 6p+ this agreement will work in our favour.
Targeting Djeno will provide so much volume that the 19.99% will be a pin prick.
GLA