I am pretty sure thats not how it works. This is what will happen upon reinstatement:
Current Shares on issue: 2.88B
Market cap as off the last day before suspension: $11.55M (@0.004c)
Assuming they raise $1M @ 0.002- 500M new shares
Total shares on issue post CR: 3.38B
Share price on reinstatement= Current market cap/ no of shares
= $11.55/3.38B
= 0.0035 (SP at open)
I do not see any wall at 0.002 based on my calculations. Please correct me if I am wrong. Cheers
I am pretty sure thats not how it works. This is what will...
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Last
$1.10 |
Change
-0.050(4.37%) |
Mkt cap ! $2.624B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.10 | $5.214M | 4.726M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 135769 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 9289 | 1 |
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| DEG (ASX) Chart |