So 333333 SIXAA options converted to 2.35 million shares @ .0106c each. Instant 20 to 30% profits for SIXAA holders.
Nearly 17 million SIXAA options remain. With that continuing 20% discount, conversion will likely be at much below a cent, so say about 125m to 200m more shares will be issued. Current holders shafted by the dilution. Why anyone would buy on the market at current prices is beyond logic IMO. I wouldn't catch a falling knife.
Ann: Application for quotation of securities - SIX, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
