MAY 4.35% 2.2¢ melbana energy limited

Don't Sell Your Shares Cheap, page-419

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    If you look at the number of shares on issue fully diluted for exercised options and unquoted performance rights total shares outstanding will be

    3,376,760,157


    MAYO : OPTION EXPIRING 10-SEP-2022 541,807,846

    MAY : ORDINARY FULLY PAID 2,803,140,261

    MAYAT : PERFORMANCE RIGHTS 31,812,050


    That's a massive number of shares on issue which would limit upward price movements
 
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