Ridgeback gets another 687.5m shares at 2c if shareholders approve it at the end of the month. They already received 72m at 1.7c , you have 53m 2018 5c options that have been exercised over the past few months. Another 147m 5c options left. It seems like a lot of profit taking has and will be taking place for some time. Id be wary of buying into any announcements.
If all these shares/options get issued/exercised and spp goes through we are looking at 2.7B shares on issue. $170m market cap at 6.3c
Re spp conundrum., page-9
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37.0¢ |
Change
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Mkt cap ! $537.4M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.3¢ | 37.0¢ | $608.4K | 1.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 249419 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 85246 | 41 |
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| IMM (ASX) Chart |