Can someone explain this is to work.
Logically if they add 1.5b shares there are 9 times or so shares.
Wouldn’t the existing shares be worth about 20/9 i.e. 3c rather than 10c.
i.e why is the raising price so high?
Ann: Trading Halt, page-36
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Last
8.0¢ |
Change
0.001(1.27%) |
Mkt cap ! $199.1M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 8.0¢ | 7.8¢ | $147.4K | 1.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 315693 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 1752610 | 12 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RFG (ASX) Chart |