Gaiatechnics Pty Ltd 26 168 317 904 #13020

I thought this was an acronym for “Keep It Simple Stupid”.. Obviously not.

I read the prospectus, can’t understand a thing.

Can someone explain:
1-How will the company be valued, since it is not listed on the ASX.
2- Payment by share, means existing shares, or new shares issued post valuation? (hence diluting the value of the repayment immediately)

I like the concept, but what we are actually getting for our money could not be less clear.

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leotyndall #13038

The company is valued based on a projected EBITA, we will get some new cashflow numbers to give a better idea of the valuation today.

As to the payment by share, it is a convertible and the convert into shares occurs after the pre valuation, but the convert does not dilute the noteholder but the existing shareholders.

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