According to the latest prospectus, the dilution of the latest CR was 51% of 3.7c so the sp should be somewhere around 1.88c until the next cr and dilution.
From the prospectus.
“With the Company expected to have approximately 3,142,252,991 (not including the corporate advisory fee payable to the Lead Manager) Shares on issue at the time of its reinstatement to trading (based on a maximum subscription being achieved under the Capital Raising Offer), existing Shareholders are expected to be diluted by approximately 51.31% on completion of the Transactions and the Company’s reinstatement to trading.”
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