I am no accountant but I have been trying to understand the Cleansing Notice dated 4 June 09.
Link
http://www.asx.com.au/asxpdf/20090604/pdf/31hxnvpt9w0jpc.pdf
ARW’s current market Cap is Around $4 Mil
The Total Picton Land is worth around $3 Mil.
The Plants are worth $?????
The Energea Licence for Australia New Zealand & the USA (Australian Royalties) is worth $??????
Looking at the data in the Cleansing notice.
AMU currently hold 12.57%
AEH have lent ARW $250K.
MAR have lent ARW $250K. (Wasabi Under righter)
AEH & Playoust Family currently own 15.5%.
Underwriter Owns 13.96%.
If no entitlements are taken up. (top of Page 3)
Underwriter will own 27.1%
AEH Parties will own 19.94%
Rentiers will own 19.65%
TOTAL 66.68%
If AMU were to sell there 12.57%.
TOTAL 70.25%
How will it work when and if the loans are converted to shares?
Who will control ARW?????
Please do your own
I am no accountant but I have been trying to understand the...
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