1 Calculated with reference to 30 day VWAP for Respiri Shares as at close of trade on 28 April 2021, being 15.77¢, divided by the proposed offer ratio of one (1) Respiri Share for every seven (7) Adherium Shares held (ie 15.77¢ ÷ 7 = 2.25¢).
So Paddy0 if you don’t accept this calculation might I turn the tables then. ADR ‘s share price of 1.5c (last price before RSH offer and raising per share) surly wouldn’t last longer than a week. Without RSH’s offer and issuing another billion of shares do you really think ADR will ever be above 1c? Not possible for quite a few years if ever!
Besides that your argument has nothing to do with my calculations coming to a figure of 43m.
RSH Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
