Australia's largest stock trading and investment forum Australia's #1 stock forum

SYT

Click for more information

0.00%

0.1¢ syntonic limited

Ann: Prospectus-PSF.AX, page-348

First 348 Last

Share
Profile

Follow
gyro gearloose

5,791 Posts.

285

21/05/16

17:51

Post #: 17832062
Share

Originally posted by Relax1 ↑

Cryptomal ... there was a 1:1506 share consolidation for CRX shares in Dec. So cap raise of 20 cents was equivalent to 0.000132 and close was equivalent to 0.00018. Previous retail investors were consolidated down to no holdings (sub 1000 shares), as the shell was pretty much worthless to begin with.

Only the sophs and institutions in the capital raise at 20 cents got any benefit from the re-listing, so based on 20 cents the close was only 27.5% higher for FCT.

PSF is a completely different kettle of fish, as there is value in the shares held now, we are not being consolidated, and the CR was for minimal dilution. News is unlikely to be released during suspension, as there is no obligation to, continuous disclosure does not apply during suspension. We should expect a lot of newsflow upon relisting day and following on, which is preferable, as news is what creates momentum and eager buyers initially. Opening could be anywhere up from 2.2 cents, those institutions who picked up shares could go for a quick 50% exit at 3.3 or higher. Very dependent on SE Asia launch happening during early June.

Expand

This is shaping as tech spec of year.IMO

SYT Price at posting: 3.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Market Close: Santa comes a little early with green wave led by Big Four rush | Dec 23, 2024

ASX Market Open: Short trade day for Chrissy Eve to barely stay green after yesterday's rocket run | Dec 24, 2024

PDN

Paladin Energy puts Christmas bow on $1.5B all-scrip Fission Uranium merger

5 stocks and sectors to watch in 2025

ASX Market Close: Local bourse manages last gasp of green cheer heading into Chrissy shutdown | Dec 24, 2024

STX

What you watched and discussed the most on HotCopper in 2024

Expert Exchange: Gold charts will remember 2024 in history. Analysts see $3K/oz in 2025

MKT

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

IGO

IGO struggling to find lithium buyers - and slowdown will soon hit investors' pockets

Expert Exchange: How to approach Christmas spending amid the cost-of-living crisis

First 348 Last

Add SYT (ASX) to my watchlist