Well run that one past me if you could.
On my reading of the deal (based on the last traded price at 1.5c) existing shareholders look like getting a 1c per share dividend followed by a 1 for ten consolidation. That would give an existing shareholder as at yesterday an effective average cost price of 5c per share post consolidation based on last close.
The advisors etc are being issued with options exerciseable at 25c.
Where am I going wrong here?
backdoor listing, page-2
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