You are already under water as the last CR was at 3.5c - since the CR, shares have been trading below issue price by around 10%. Next CR will be at lower level - plenty of time to top up if one wishes to - my guesstimate around 2-2.5c which will further dilute the heck out of it.
If there were to be a private takeover, shareholders will be offered a premium of what maybe 30% at VWAP - work out numbers - holders diddled out for a princely sum of around 3c/share. That's my take and I hope to be corrected. How can anyone trust any of these people. Oh yes, there are two Australian directors on board - what would they know about shareholders being shafted? They've only been around for a few weeks. Do they give a toss?? ASM may get a higher private offer and recoup some of their losses - even if they could, is there a guarantee that retail holders would be offered the same sort of deal?
No option but to hold. We wait and see - continued destruction of retail holders holdings??? Shambles - unless you're the vendor.
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Mkt cap ! $35.82M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 2.9¢ | $8.315K | 285K |
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3.1¢ | 45000 | 1 |
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2 | 450000 | 0.028 |
1 | 100000 | 0.027 |
2 | 164000 | 0.026 |
1 | 20020 | 0.025 |
1 | 320000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 45000 | 1 |
0.033 | 112500 | 1 |
0.035 | 266666 | 2 |
0.036 | 237449 | 2 |
0.038 | 78888 | 1 |
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