Hopefully things can only get better. But 141m shares - to raise $3m, that's 2.1c each share.
For long term holders the 50:1 consolidation destroyed all wealth. I would suggest that most shareholder's holding would be lucky to be worth 2c on consolidated basis.
Who is going to subscribe to this?
Mr Chen will get 141m for his $3m settlement so that's 50% of the company.
Also there are some $132m in ATA convertible notes out there - see p61 of 2016 Annual accounts.
Such a great potential totally destroyed.
- Forums
- ASX - By Stock
- Ann: Heads of Agreement signed with Joint Venture partner
Hopefully things can only get better. But 141m shares - to raise...
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ATA (ASX) to my watchlist
(20min delay)
|
|||||
Last
81.0¢ |
Change
0.005(0.62%) |
Mkt cap ! $253.3M |
Open | High | Low | Value | Volume |
81.5¢ | 81.5¢ | 81.0¢ | $53.76K | 66.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 32003 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.0¢ | 8999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 32003 | 0.800 |
1 | 20000 | 0.795 |
2 | 13750 | 0.790 |
1 | 100 | 0.785 |
1 | 5000 | 0.750 |
Price($) | Vol. | No. |
---|---|---|
0.810 | 8999 | 1 |
0.820 | 14661 | 2 |
0.825 | 2223 | 1 |
0.830 | 2317 | 2 |
0.835 | 7576 | 1 |
Last trade - 10.46am 08/05/2024 (20 minute delay) ? |
|
|||||
Last
80.0¢ |
  |
Change
0.005 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
81.5¢ | 81.5¢ | 80.0¢ | 18683 | ||
Last updated 11.45am 08/05/2024 ? |
Featured News
ATA (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online