Can someone please explain the selective capital reduction share buy back in December 2017? The company paid about 4.9 cents for the reduction but the shares remaining showed 715 million with a valuation of $34 million. And then there was a capital raising later and 3B shows outstanding shares around 660 million. So what's going on? Is its SP undervalued by up to 50%.
Can someone please explain the selective capital reduction share...
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Mkt cap ! $44.52M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 200000 | 4.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 274204 | 2 |
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