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Uuuummmm not quite.They are not going through a fresh IPO so...

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33

22/02/23

17:36

Post #: 66402365
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Originally posted by Whiplashed: ↑

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

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Uuuummmm not quite.

They are not going through a fresh IPO so won't need to go through Chapters 1 and 2 as they already meet all of the conditions. There is no change of control or direction and fundamentally the company hasn't changed. So they won't need to raise money at 20c or do a recon.

MMR Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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