Their shareholding (and yours) been significantly diluted by all those director/ senior management optin conversions
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The dilution is not all one way. these were partly paid shares, so while there was a discount presumably to the market some of the directors and shareholders would have had to front with some folding.
If those shares were issued earlier this year when the price was in the high 80's and early 90s you may find that some of shareholders were partly paying shares based on somewhere around the high 70's or early 80's.
I am aware that over a million shares went to one executive at 0.76 per share. That was a pretty good signal to me that there was plenty of confidence in the future growth of the company.
Thanks for the background on where the FSA's are sitting at the mo NT.
I think that ATM's marketing in the UK to 20% of the milk intolerant is a good one to work on. It may be possible that a significant % of those may not be lactose intolerant, just intolerant to A1.
Harrie - the shares issued were at 55 64 and 72 and in all cases were only paid up to 1 cent in the $ (ie the 5 mil at 64 cents cash paid was only $32,000)
The Annual Report should give you more detail about the arrangements and whether any shortfall when full payment is called upon needs to be paid or whatever
As an aside Freedom got 400,000 free share last year to compensate them for the dilution under an old Agreement
Thanks W69 for that info. Can't see the latest report on all this dilution, but last year there was around 32.5 mil of shares partly paid.(approx. 5% of total shares)
Buried in the 2013 annual report is info about tranches of shares. There is about 9 million that don't vest until 2016 and when they do they are fully paid up at $0.15 per share. I see that the anti dilution agreement with FF has ended now though.
I see also that these tranches were granted back when the SP was relatively low, so I hope that future share arrangements with senior staff are issued at better prices
I see somebody bought another 1,000,000 just on closing.
yes at .63c. A total of around 2 mil shares traded. Who is selling?
a lot of shareholders like NT001 bought into ATM at under 10c years ago sell at 63c still a very good investment, isn't it.