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
TEK Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
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