BRO broad investments limited

announcement, page-6

  1. 7,409 Posts.
    Means jack MJR. They can name any price for the issue of shares. There is no cash exchange so pick a figure from the air.

    They could have said, we'll issue you with 6mill @ 3c, or 6mill @ 4c or 6mill @ 5c? Whats it mean, nothing as the percentage of the company they own is exactly the same in all 3 scenarios.

    Only an issue when cash has to exchange hands otherwise just a nice ploy to make people think a deal was done at premium prices. By the trading atm I'd say not too many are fooled.

    Cheers
 
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