Check my maths but 15M shares issued. Previously 178M shares on market. Therefore ~8% dilution. So 21.5c is ~23c in predilution terms.
Pushing the envelope a bit, but all charting figures need to be reduced by 8%.
Interestingly also that the SP for issuance was at a 9% discount, but caused an 8% devaluation of each share. So basically they were issued at post dilution market price or thereabouts.
And what are thoughts on the fairly small size of the CR? Avoiding having to go to the SHs?
Could raise any more $$s due to lack of interest?
Confident that $$s will flow substantially soon, so only need to cover the temporary gap?
Quella is looking at a merger or sale, so the time frame is going to be short?
I have reason to believe that one or two big SHs might be pushing that last scenario due to impatience.
Check my maths but 15M shares issued. Previously 178M shares on...
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