ADR 0.00% 1.8¢ adherium limited

Ann: Trading Halt, page-8

  1. 1,268 Posts.
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    How does attempting to raise $15m at 1.5c (more than the current mkt cap) and viburnum converts the 3c last placement at 1.5c too - so their 100m shares turn to 200m shares
    Oh and they get 1 option for every 4 shares they subscribe for..
    Sound good?
    Maybe it trades below 1.5c as people strip the shares for the free options - who knows
    Just a hunch of mine
 
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