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pathetic bonus issue

  1. sandminer
    1,469 Posts.
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    20/02/07
    15:40
    Post #: 2210288
    The bonus issue of Magnetic shares is disappointing, to say the least.
    One for nine in ordinary shares with a nominal value of 20 cents! Taking a current IMA price of $2.55, then for every $1000 in IMA, the holder will receive 44 Magnetic shares worth $8.71 total.
    The bonus also offers one for six contributing shares but they wil only be worth about 3 cents. So for that same $1000 in IMA, the holder will also get about $1.96 total in contributing shares.
    IMA Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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