Share
3,852 Posts.
lightbulb Created with Sketch. 190
clock Created with Sketch.
12/01/17
10:46
Share
Originally posted by goldscraper
↑
Nice quick injection to keep the ball rolling.
Shares to be released around the quarterly. Watch the pump.
Not happy with more dilution, however in the current environment.
1/ Someone wanted to make the money available, and saw the potential value.
2/The company moves toward good results, and keeps the doors open.
The raise/issue in not underwritten, so patto's??, will get a fee for this one.
So 150,000,00 X $0.04 = $36000 X 1.1 = $39,600 costs for the raise
Expand
I forgot the 6%.
Too many kero's last night, and not enough coffee this morning.
So cost of raise is!
$150 mil X $0.004 = $600K
$600K X 0.06 (6%) = $36,000
$36,000 X 1.1 (10% gst) = $39,600