I also appreciate CASSON group coordinating the additional funds as without them we will not trade but resolution 9 looks to change the value from 2.5c to 1c per share. Effectively changing the issues shares from 60M to 150M. Another large percentage of dilution.
I haven't done the sums but at a guess when all is said and done I think we are looking at needing to top up individual holdings by approx 30% to avoid the dilution.
As I have posted on another thread I will be looking at the open to top up any loose hands to offset the additional issues shares.
Ann: Notice of Annual General Meeting/Proxy Form, page-4
Add PIL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.84M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $2.025K | 304.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 13176169 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4310822 | 9 |
View Market Depth
| Last trade - 15.50pm 07/10/2024 (20 minute delay) ? |
| PIL (ASX) Chart |