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OMG, You are miscalculating by a multiple of 10.First it is...

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centro11

2,765 Posts.

286

16/07/21

11:41

Post #: 54548800
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Originally posted by junglee guru: ↑

So my understanding is that the partly paid (company already has received part of the money in their coffers)shares 4433826 were forfeited. Given that there 4.4 mil shares which were forfeited the company decided to company auction them (at 2.01c). These were auctioned (dont know to who) and someone paid partly with an exercise price of 3.99c. These will be classified as BEMAC. This means company got paid partly twice for those shares. Now if that entity decide to exercise BEMAC they will rank equally on the market as BEM ordinary shares after the exercise price is paid. so company will get 8.8mil in the kitty after they get exercised before the due date. This is from ASX

View attachment 3368513

Thats just what I understood but I could be wrong.

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OMG, You are miscalculating by a multiple of 10.

First it is 2.01c not 20.1c and second
the 2.01c is partly paid amount, the total amount is 6c (2.01c paid and 3.99c unpaid). This company is becoming a joke in this regard. Why auction the shares for that piddly 6c which even not fully paid. Utter joke and disgusting.

BEM Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $10.40M

Open	High	Low	Value	Volume
3.0¢	3.0¢	3.0¢	$840	28K

Buyers (Bids)

No.	Vol.	Price($)
2	162701	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	100000	1

View Market Depth

No.	Vol.	Price($)
2	162701	0.030
1	120000	0.028
1	50000	0.027
2	350000	0.026
5	332836	0.025

Price($)	Vol.	No.
0.032	100000	1
0.033	155727	3
0.035	50000	1
0.038	1283125	6
0.039	200000	1

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