SRS spicers limited
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yep they are wiping off 270m debt for exchange 68% of the...

  1. pathetictrader
    1,204 Posts.
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    11/10/16
    10:40
    Post #: 19765892
    yep

    they are wiping off 270m debt for exchange 68% of the company.
    company not worth 270m lucky to be with 100m
    at $100m means ordinaries are worth 32m at around 650m share on issue + around 5c per share
    and Hybrids are with 68m and around 2.7m hybrids = $25 per hybrid

    looks like win win

    do your own maths if you think the company is worth more or less
    SRS Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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