MUL multiemedia limited

directors getting shares at 0.0125c , page-3

  1. 2,129 Posts.
    Hi Oak,

    Elena is correct.

    At the General Meeting to be held on 28th August, shareholders will vote on the following:-

    1. The issue of 20 million shares (convertible notes) @ .0125c in regards to a $250k loan made by two directors.

    2. The issue of 4 million shares (convertible notes) @ .0125c in regards to a $50k loan made by the Polson Family.

    3. The approval of Past Issue Of Shares to the total of 97 million shares. These shares were issued at prices between .007c to .013c.
    (Of these shares, Captain Starlight done well, receiving 25 million @ .01c on 6th June and 25 million @ .013c on 12th June. The Captain must have a Fairygodmother looking after him in Multiemedia)

    *NOTE.........Although Shareholder approval was not required for the issue of the Shares referred to above,
    subsequent approval of the issue will enable the Company to issue further equity securities to capitalise on future expansion, acquisition and product commercialisation opportunities, should any arise. (a further capital raising?)

    4. Issue of shares to three directors to the value of $92,500 in lieu of directors fees, priced at the weighed average closing price of Shares traded on ASX over the 5 trading days immediately preceding the date of the Meeting.





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