I have no idea but would this impact on the opening price... regardless?
Big Un also stated that it has many shares that have been approved but not yet issued. This means that its market capitalisation is a lot larger than it may have appeared. Prior to Friday, the most recent announcement from Big Un appeared to show that the company had 172 million shares on issue, which at the latest price of $2.22, would give it a market capitalisation of approximately $380 million.
However, Friday’s announcement showed that, fully diluted, (including approved but not yet issued shares and options) Big Un has 224 million shares on issue. This gives the company a market capitalisation of $497 million, which is significantly higher.
BIG Price at posting:
$2.22 Sentiment: None Disclosure: Not Held
