GMC 0.00% 0.6¢ gulf manganese corporation limited

Better get the calculator out again. 2,761,147,239 shares...

  1. 12,094 Posts.
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    Better get the calculator out again.
    2,761,147,239 shares https://www.asx.com.au/asxpdf/20180813/pdf/43x932c7sj3f9h.pdf
    +
    100,000,000 shares https://www.asx.com.au/asxpdf/20180820/pdf/43xhb5v4yrth4x.pdf
    +
    714,597,448 shares https://www.asx.com.au/asxpdf/20180828/pdf/43xr4ttn1yqtqz.pdf

    =3,575,726,687 shares at 2.2 cents = $78,665,987.114

    Options at .005
    1,609,340,592
    +
    714,597,448
    = 2,323,938,135

    TOTAL Fully diluted 5,899,664,822 at 2.2 cents = S 129,792,626

    I feel sorry for any investor who has paid 2.2 cents for GMC. GMC may gain $10 million for the options, but also gains another 2.3 billion shares. What a disaster, better off flushing your money down the toilet.
 
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Currently unlisted public company.

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