re: here it is.....its ok ive got it Consolidation also alows overseas investors to enter the cap raising that would otherwise not. The Ausi market has very lowly priced shares - in the US under a $1 is considered a penny dreadful - in UK the AIM low level listing price is 50 pence (appx $1.50 Ausi) so a 2 cents stock would be out of the question
Whilst it does not change the market value, a higher share price and lower shares issue may be perceived as better
Cap raising is small - aquired coy has a convertible note, therefore taking equity in the future of its assets
Definately don't think this is a bad announcement, just not the one expected
IMO
- Forums
- ASX - By Stock
- NEO
- re: here it is.....its ok ive got it
NEO
nuenco nl
re: here it is.....its ok ive got it, page-7
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)