My take is that the ASX platform claims,
M/C $3.22 million.
Shares held 3.22 billion.
Shares are at their 52 week low.
Now ANW want to raise $3,051,996.
$3,051,996 @ .001 cents (one tenth of one cent), would create 3,051,996,000 new shares.
Add that to held shares would be close to 6.074 billion shares total.
Then they will pay wages, capital raising costs out of that and refinance their debt.
Drilling looks like the poor cousin.
Ann: Despatch of Entitlement Offer Booklet and Application Form, page-48
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
