Matchbox20 - lets check the maths please buddy - it is issued at 80% of current price over the last 5 days, so if it is now averaging 1.0c the new shares will be offered at 0.8c (not 1.8c which would be nice to see, but hey!!)
700,000,000 x 0.08 is $56,000,000
That's how I read this.
Those sophisticated investors (page17) get me, they always do no good for us common folk!!
I don't get why/how people can sell into 1.0 (maybe 0.9 tomorrow) when it has been 2 years since these prices were seen.... I hold at 1.2 and was tempted to pick up more but I will wait to see wait happens...
PS I teach a bit of maths....so I hope I am not wrong..
will edm stage a rebound soon? - gloveski, page-10
Add to My Watchlist
What is My Watchlist?