Round 2:
Existing Number of shares on issue: 144,393,865
Price Per share: 34.5 cents
Offer: 1 option for every 1 share
Rights Offering: $0.001 cent option
Number of New Options to be Issued (1 to 1): 144,393,865
Current Market Value (fully diluted): $0.345 x 144,393,865
= $49.8 million
Future Total Shares on issue (after excerised options):
144,393,865 x 2 = 288,787,730
Amount Raised: 0.2001 x 144,393,865 = $28.9 million
New Share Price: (($49.8 million + $28.9 Million)/ 288,787,730) = $0.27 cents
Thus after the loyalty option, the shareprice is going to fall from 34.5 cents to 27 cents, a decrease of 21%. The option price is likely to be around 7 cents due to the share is in the money. This provides you with an investment gain on the options of a 70 factor. I'm pretty sure this makes some sense. Correct me if I am wrong.
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incredibly good rights issue., page-14
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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6 | 13532999 | 0.006 |
3 | 1699000 | 0.005 |
2 | 1750000 | 0.004 |
2 | 2099000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
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0.009 | 695570 | 4 |
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