A capital raise at [2c] for arguments sake would be absolutely diabolical.
$2.1m raise assumed at 2c = 105m new shares to be issued.
According to ASX there are 215,720,915 current shares on issue. So this is c.50% dilution.
Assuming management/board take up 0 shares (no money to investor for arguments take) and 105m shares goes to a new insto that would mean management dilute themselves from current c.40% holding to 26-27% roughly.
This problem needs to be solved through a con note or debt or something else.
Ann: Update On Subsidiary - CleanTech Energy Pty Ltd, page-22
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8.5¢ |
Change
-0.005(5.56%) |
Mkt cap ! $18.33M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 9.1¢ | 8.2¢ | $103.4K | 1.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 124999 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 256298 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DEL (ASX) Chart |