.175 cent divvy to spai shareholders 17.5 cents Divvy to SPAI shareholders = A deferred cash consideration of $2.2-million in the event Eyefi Pty. is sold or divests part or all its assets or undertakes a capital raise or is in default; A registered security charge over the assets of Eyefi until the $2.2-million is paid in full to the company; A promissory note of $2.2-million issued by Eyefi to the company; 2.2 mil divided = 17.5 cents The deferred cash consideration covered by the security charge will protect shareholders and when the $2.2-million is received by the company, the board plans to distribute these funds, subject to working capital requirements, as a dividend to Egti shareholders.
EGTO = spai today