PV1 2.86% 3.4¢ provaris energy ltd

I'm a bit confused as to how he can say: When I joined the...

  1. 119 Posts.
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    I'm a bit confused as to how he can say:

    When I joined the Company a year ago the share price was approximately half its current price.

    When the price on this day last year was 2.1c, and:

    When I joined the Company a year ago the market cap was less than half its current value.

    Market cap based on 205,436,597 shares at 2.1c is a bit over $4.3M, yesterdays based on 494,025,927 shares at 2.2c is about $10.8M.

    So yes, more than double the market cap, but also more than double the shares on issue, so the price has gone nowhere. How can he claim the price was half its current when 5 minutes research shows that to be false? Also not super happy about a company that lost around $2.7M last year upping the CEOs pay by 240% to $600k. Total remuneration or directors is now at over $1.25M, plus $640k equity last year.

    While it's great to see they own almost 31% of the shares, they really need to start adding some value to justify their price tags.
 
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Last trade - 15.53pm 29/03/2024 (20 minute delay) ?
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