hello forum, first time post. Can somebody please break down the share offer posted on the 12th to a rookie who is new to the market? Eg how does it work? What are the reasons for this offer? Thanks in advance. "Fully underwritten pro rata non-
renounceable entitlement offer of 8 New Shares for every 27 Existing
Shares held at an issue price of $0.002 per New Share"
Investors R Rushing, page-108
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Mkt cap ! $26.41M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $4.174K | 1.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 12609374 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8584813 | 27 |
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