FDM 0.00% 1.1¢ freedom oil and gas ltd

But aren't they limited in what they can raise by a share...

  1. 88 Posts.
    lightbulb Created with Sketch. 23
    But aren't they limited in what they can raise by a share offering? At the AGM a resolution was passed to increase the number of shares to be offered by 10%. Not sure what the base number is.....15%? 20%? So say 30% of 1.1 billion shares = 330 million shares @ 0.01 = $3.3 mil. This has never made sense on its own. Capital has always had to come from some other avenue
 
watchlist Created with Sketch. Add FDM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.