BPG 0.00% 0.9¢ byte power group limited

Ann: Issue of Convertible Notes, page-20

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 221 Posts.
    lightbulb Created with Sketch. 136

    Agree with this @Jamesie05 ,

    I believe @Neil1959 has already gathered c.150 "likes" as a show of hands in a previous post... was this presented to BPG?

    My preference were threes shares are sold for CR purposes, like these convertible notes here.

    Failing that, IMO, they should be returned altogether.

    Failing that, IMO, they should be awarded on a 10 day VWAP SP performance basis;
    50% issued at 2c
    100% issued at 3c etc, something like this.

    Issued on a performance basis would IMO provide SH confidence that management are working in everyone's best interest (not just their own) and also regain trust that a mass dumping of shares won't occur upon open. Additionally, out restores trust that SH have some voting power at AGMs/EGMs in the future.

    That said...

    The shares were issued as follows;
    600m to Alvin
    200m to Raphael
    30m to Yano

    The 30 mil to Yano, were split (from memory );
    10m to his SMSF
    20m to 'Fernjewel PTY ltd', a company he owns...

    I'm not sure if/how it would be possible for the shares to be returned from a SMSF; there may be llegal implications around this?

    Just my opinion, but in all honesty, I very much doubt we'll be seeing those shares returned.

    Cheers
    MSN
 
watchlist Created with Sketch. Add BPG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.