That's a lovely positive way of looking at it and I guess we should all hope that it works out in that way!
Based on BPH's market cap (pre-suspension!) we could hope for a ~$16m market cap at recompliance/relisting. I'm not convinced the PDF board will reverse their decision, but let's hope. If they did then I agree that provides a material upside attraction for new shareholders and investors.
A $16m market cap would mean about $3.5m new money raised at recompliance to satisfy the 20% free float rule of the listing rules.This means MMR shares on issue would reduce from 810m currently down to 60m shares at 20c each. That's a 13.5:1 consolidation required.
Currently 1m shares @ $0.004 = $4,000.
Consolidation (13.5:1) to 75,000 shares @ reinstatement price of $0.20 = $15,000.
GLTAH/DYOR
- Forums
- ASX - By Stock
- Ann: Placement
That's a lovely positive way of looking at it and I guess we...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.236M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MMR (ASX) Chart |
Day chart unavailable