MEL
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  1. Hotfire
    19,547 Posts.
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    01/12/09
    18:29
    Post #: 5988690

    In the annual report it shows 4,170 shareholders.

    MEL wants to raise $25mil max.

    If all 4,170 take up the full amount then the scale back will be to approx $6,000.

    But assuming 70% of 4,170 shareholders take the full $15,000 SPP then it would be in the vicinity of $8,550.

    I would be surprise and delighted if it was above $9,000.


    MEL Price at posting: 66.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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