LOT 0.00% 26.0¢ lotus resources limited

Ann: Acquisition of NSW Cobalt Nickel Project, page-31

  1. 37,911 Posts.
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    RIR are offering 3 for 4 entitlement

    if existing shareholders take up their entitlement, they basically maintain their % ownership of RIR

    existing shares plus entitlement shares equals 1,291,373,559

    acquisition shares plus placmement shares = 1,450,000,000

    the loss of % ownership via dilution is negligible for existing shareholders if they take up their entitlement

    **********************

    there is no point blaming RIR for the speculators pushing the share price to 1.8 cents, which made this a $13M shell
    Last edited by ddzx: 06/12/17
 
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