How much of that $16.8m are they going to use to buy back shares? Before they gave/will give 90m shares to Harpa, there was around 151m shares, of you look at last closing price that’s 16.5c x 151m = $25m odd. Obviously not all will do this but at that valuation they don’t have enough. So if it was $16.8m divide 151m shares = 11.1c each.
I wonder what they will offer holders who want to cash out?
1PG Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
