Bit silly arguing the maths, just have a clear example
for those who need. Galaxy says 600,000 shares, so use this.
600,000 at last quoted price 2.2cents = $13,200.
600,000 shares is reduced to 7,500 shares.
CR is at 20cents and take that as re- listing = 7,500 x 20 cents is $1,500.
Think you guys were on same page in terms of result just different process. Notional position is your $13,200 will become $1,500
understand some will say that is better than it going under. I would personally prefer it to be liquidated.
Bit silly arguing the maths, just have a clear examplefor those...
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Mkt cap ! $11.15M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $6.431K | 45.93K |
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| No. | Vol. | Price($) |
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| 1 | 25000 | 13.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 15220 | 2 |
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