CIO 0.00% 1.8¢ connected io limited

Ann: Entitlement Offer, Placement and Debt Restructure, page-6

  1. 6,600 Posts.
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    SURVIVAL ???...eek.pngeek.pngeek.png ???
    Are you kidding????....
    Issuing 2.28 BILLION shares at 0.002 which is 3 times less than current shareprice...you call that survival???

    Sorry i would call it something else, but certainly NOT survival...the current shareholders will be decimated with this dilution and such a huge amount of low priced shares to be issued.... in my opinion..

    .How can they issue 2.28 BILLION shares at such a massive discount...

    What about current shareholders...???

    Unbelievable...

    drifta peed off


 
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