Hopefully things can only get better. But 141m shares - to raise $3m, that's 2.1c each share.
For long term holders the 50:1 consolidation destroyed all wealth. I would suggest that most shareholder's holding would be lucky to be worth 2c on consolidated basis.
Who is going to subscribe to this?
Mr Chen will get 141m for his $3m settlement so that's 50% of the company.
Also there are some $132m in ATA convertible notes out there - see p61 of 2016 Annual accounts.
Such a great potential totally destroyed.
Ann: Heads of Agreement signed with Joint Venture partner, page-2
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Last
80.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $251.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 19076 | 1 |
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