GMV 0.00% 3.9¢ g medical innovations holdings limited

Ann: Trading Halt, page-14

  1. 21 Posts.
    Correct me if I'm wrong please as I'm still new to this but wouldn't the CR dilute the average share price to roughly 50c? If it's oversubscribed it won't really affect it further much either, still close to 50c? That's still a substantial amount higher than 43c, unless market reacts badly and actually wants to believe it's heading there. At the very least, with these instos owning a whopping 23-24% of total shares wouldn't it be safe to assume 43c be the strong support unless everything goes to sh*t? We got 20m on hand now too. I agree that the timing is terrible, we could have had more fun seeing this hit 60c or 70c this week, but it's just a minor delay isn't it? Maybe they're looking after the long-termers and instead the impatient ones that jumped on due to hype last Friday will be the ones affected. This is all IMO
 
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