Yeah, the insipid nature of this deal reeks of mates rates. Lets...

First 31 Last

Share
Profile

Follow
hotwolf

5,418 Posts.

130

12/04/18

10:14

Post #: 32399887
Share

Originally posted by OmarLittle ↑

They could have at least got a WOW factor acquisition, like something in the Cobalt space or the next big thing in vanadium, this would have kept both the new investors happy getting a cheap deal + long suffering share holders who have had there money tied up in this a bit of hope of at least recouping there money back when they relist.

All i can see is this being 4 cents as the last traded price before the market opens on the day however the match price will likely be somewhere near 2.5 cents on open, with the new investors still making 25 profit ( i hope it opens somewhere around this level )

The share price will register a drop of 75 percent on open.

Which is usually the hallmarks of a shell that had billions of shares on issue been fully recapped that usually bleeds for the ST.

On the other hand it does mean i will get to finally move on from this company, but this is really some woeful sheet to go recapping a company that does need to be.

There should be other ways to get this over the line without pissing all over current holders.

IE get a project worthy of such dilution that it will wash out the dilution over the course of a few weeks and have a solid road map and news flow

For the record in regards to M Walkers holding. Just because he has a big position and he is going to take the same hit like the rest of us, he probably did not pay above 2 cents for his holdings, and im sure he is plenty wealthy enough to take up his full entitlements and wait another 12 months to recoup any losses if he still comes out in the red.

This deal is purely for the good of placement insiders and current non holders.

IMO

Expand

Yeah, the insipid nature of this deal reeks of mates rates. Lets hope the new found zing from the ASX compliance guys, grill this deal hard. I kinda like the sound of Walker on the run.

Also Hot Coppper needs another Position Option Not Held
Held
Trapped

CIZ Price at posting: 2.0¢ Sentiment: None Disclosure: Held
14 Upvote

2 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib