88E 0.00% 0.3¢ 88 energy limited

I think this confusion in the RNS, provides opportunity to...

  1. 2,176 Posts.
    lightbulb Created with Sketch. 1571
    I think this confusion in the RNS, provides opportunity to capital raise at a better price than a clear picture would have allowed.
    Then once a capital buffer is in place, the consolidation will be pushed
    From there the consolidated price will erode sharply
    Effectively diluting current shareholders into minor holders
    Management will gain a significant stake from the 2.5 billion share kitty being created as performance shares
    The reset will have completed to begin again, with a few hundred million shares on issue, and a market cap in line with a new explorer
 
watchlist Created with Sketch. Add 88E (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $86.67M
Open High Low Value Volume
0.4¢ 0.4¢ 0.3¢ $8.111K 2.169M

Buyers (Bids)

No. Vol. Price($)
598 615308189 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 524971137 139
View Market Depth
Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
Last
0.3¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
0.3¢ 0.4¢ 0.3¢ 2415155
Last updated 15.48pm 17/05/2024 ?
88E (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.