Just completed a few sums to establish the number of issued shares post SPP and raising.
l've rounded numbers to nearest half million
Pre raising we had 192 mill shares. Add 62.5 from the placement, 21 from the SPP and 4 for Orbis's top up as mentioned by the CFO on the teleconference gives us a total of near enough to 280 million shares.
Without paticipateing in the SPP holders will effectively have a 47% dilution. Not bad for someone who repeatedly said "no dilution"
What scares me now is what is being spruiked by the company regarding the oncology spinoff and the one for one talk is we should expect a minimum of another 50% dilution as the instos etc get the red carpet treatment once again under the guise of "we need the support of these large institutions to lay the foundations for our future growth"
Well why is their money better than ours and who layed the foundations for the company to get this far? None of the ones we are told we have to have now.
Serendipity's last 2 posts say it all about our management and how they are viewed by some of the larger holders in ACL.
- Forums
- ASX - By Stock
- TSN
- shares on issue
shares on issue
-
- There are more pages in this discussion • 94 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TSN (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.409M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
TSN (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online