I take it as a given that sometime in the next couple of months or so that finance will have been sorted and the mindset of one and all will either be confirmed as a positive outlook or at the least changed towards a positive outlook.
Once the finance has been sorted, I do not see the need to immediately consolidate. I anticipate that settling finance will have a major impact on the current share price that will take it above the option excise price of 0.0175. Should this happen I think there will be a major sell off by holders of the heads held to convert options asap, as I also see the options rising very quickly and thus providing a good opportunity for a good return on investment.
I believe that there are 328,448,405 ADNOC options in total that can be converted at 0.0175 that will provide $5,747,847 cash into the ADN kitty, assuming of course that all options are converted. This will the leave ADN with around 3,57,176,094 shares with a market cap of around $35,717,609 @ 10c or $57,148,174 @16c as the experts predict.
Idle ramblings (not financial advice) on a wet Sunday afternoon in NQ but plenty of food for thought to consider over the next few weeks.
kippax
ADN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)