ELE 0.00% 0.5¢ elmore ltd

consolidation, page-47

  1. 1,046 Posts.
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    Joeborgo

    At current prices 3.4cents the capital raising at 20cents is looking fairly pallid. 5x3.4= 17cents.

    Nobody in there right mind would participate at 20cents. Might as well just buy on market now.

    At the capital raising you are already 3 cents ahead.

    I dont know if they can change the ratio or not. Never ran into this before.

    At 20cents better to just buy on market now.

    Don't know about timeframe . Dio was only overnight from memory but they were not doing a capital raising as well. This may affect the timeframe.
 
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