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6.7¢ retail food group limited

Ann: Trading Halt, page-129

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Gurkha

287 Posts.

42

21/10/19

18:08

Post #: 40993661
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Originally posted by mooroolbark ↑

Okay, we're probably just arguing over language. I don't think saying the share price will dilute by 90% is the best way to describe what will happen, as it certainly sounds like you were suggesting it will fall by 90%, even though you weren't. To me it sounds wrong to say that the 'share price' will dilute. Shareholders will have their holding diluted by 90%, but in return for something. It's not the share 'price' that is diluting, it's the share itself. The price will be dictated by the deal as a whole, including the debt reduction and any positives that arise from it.

The price might fall a bit due to an overhang appearing on market 'overnight', but it's not because the 'SP was diluted'. I expect the shares to have moved down to around the placement price by then anyway, so I don't think it will fall much overnight. That's why I immediately sold my entire holding at 0.125 as soon as I heard the news, an overreaction that cost me quite a lot, as the market didn't make it's way down as quickly as I expected.

So no-one knows whether the company is going to mail out the retail offer? It sounded a bit like we have to look for it online if we want to participate.

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The SPP offer was emailed to existing holders, got mine on 18/10

RFG Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.7¢		Change 0.000(0.00%)		Mkt cap ! $166.9M

Open	High	Low	Value	Volume
6.6¢	6.7¢	6.6¢	$125.9K	1.908M

Buyers (Bids)

No.	Vol.	Price($)
2	347939	6.6¢

Sellers (Offers)

Price($)	Vol.	No.
6.7¢	112907	2

View Market Depth

No.	Vol.	Price($)
2	347939	0.066
3	256163	0.065
6	1085266	0.064
5	125714	0.063
2	78612	0.062

Price($)	Vol.	No.
0.067	112907	2
0.068	222625	4
0.069	617565	5
0.070	711423	13
0.071	37502	2

Last trade - 15.59pm 02/10/2024 (20 minute delay)

RFG (ASX) Chart