fully diluted is 80m

  1. 1,507 Posts.
    I sold out this morning -- even though i suspected it would go up. I sold because it just seemed too damn risky. The apparent inside trading with mates getting on before a capital raising... the unexplained change from a huge loss making medical company to a mining company with a *fantastic* project that almost sounds too good.
    On top of all that the market cap is over 80m fully diluted (there are just as many options in the money as listed shares). And all they have is a potential 25% claim in a company that has a 70% stake in a company that has 50% interest in a mine.
    I know that Vertex and GDV Group are close, but the company valuation is too high IMO.

    That being said -- GL to all the holders.
 
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