I think it might have been the result of distilling the total dollar value they needed to raise down a target number of new shares to issue (@5c per share) and then applying that as a ratio to the existing number of shares on issue. I suspect that the raw ratio came out at 1.1:1. But since you can only buy whole shares they up-scaled the ratio to fit whole numbers --> 11:10.
Just my best guess...
Ann: Trading Halt, page-37
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $14.71M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $2.386K | 757.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 118 | 81051859 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 61316317 | 47 |
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| Last trade - 14.18pm 26/09/2024 (20 minute delay) ? |
| POS (ASX) Chart |