Current nav is $.87, iam estimating this will reduce with goodwill writedown to around $.5
Yes, recap is not good for existing holders. It will wipe out those who hold from $6.36
But not necessary those who bought in sub 50 cents. If they do a recap at nav, those who bought in at 17.5 cents triple their money.
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RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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