Realistically speaking: From the Last Annual Report in August last year there were 1,795 shareholders. I'm going to assume this has increased to at least about 2,300 (another 500 added)
So 2,300 x $10,000 (100,000 shares) = $23mill (230mill shares added) additional which is most not likely going to happen as we would be close to the maximum 287 million shares they can issue
IF we are really lucky in my honest opinion I think realistically us peasants would be offered something between 15,000 - 40,000 shares each = Another 34.5m - 92m shares which means $3.45m to $9.2m in the coffers
That's why I bought quite a few at 10.5 the other day - not worth the wait in my honest opinion
HM
WA8 Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
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