PS If someone were to acquire 25% of HGO at 2.7cps, that would be 146397130 shares x 2.7c = $3952722.
Holy S*** a quarter of the company for $3.95m. I feel bad about that. How would the larger shareholders feel? Ariadne currently with 25% holding would see a new arrival with 25% holding for $3.95M. As a result of the extra shares on issue, Ariadne's holding would go from 25% to 20.56%. Of course this assumes one new buyer, but unless Ariadne buys more, the outcome remains the same.
I am going down this track to point out the absolute futility and lack of thought involved in such a share placement.
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PS If someone were to acquire 25% of HGO at 2.7cps, that would...
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5.0¢ |
Change
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Mkt cap ! $104.7M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1287814 | 5.0¢ |
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Price($) | Vol. | No. |
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5.1¢ | 201563 | 18 |
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4 | 140654 | 0.049 |
2 | 80000 | 0.048 |
4 | 84409 | 0.047 |
3 | 531738 | 0.046 |
Price($) | Vol. | No. |
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0.051 | 209488 | 21 |
0.052 | 31583 | 3 |
0.053 | 924026 | 6 |
0.054 | 962730 | 1 |
0.055 | 1749059 | 3 |
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