PS If someone were to acquire 25% of HGO at 2.7cps, that would be 146397130 shares x 2.7c = $3952722.
Holy S*** a quarter of the company for $3.95m. I feel bad about that. How would the larger shareholders feel? Ariadne currently with 25% holding would see a new arrival with 25% holding for $3.95M. As a result of the extra shares on issue, Ariadne's holding would go from 25% to 20.56%. Of course this assumes one new buyer, but unless Ariadne buys more, the outcome remains the same.
I am going down this track to point out the absolute futility and lack of thought involved in such a share placement.
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Mkt cap ! $155.0M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 912053 | 7.3¢ |
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Price($) | Vol. | No. |
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2 | 207736 | 0.072 |
3 | 338688 | 0.071 |
6 | 157024 | 0.070 |
2 | 103347 | 0.069 |
Price($) | Vol. | No. |
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0.074 | 158234 | 2 |
0.075 | 730707 | 5 |
0.076 | 201408 | 2 |
0.077 | 1108499 | 2 |
0.078 | 79472 | 2 |
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