ODN 0.00% 0.0¢ odin energy limited

We know exactly what the Dilution Crunch is going to be... From...

  1. 24,192 Posts.
    lightbulb Created with Sketch. 5565
    We know exactly what the Dilution Crunch is going to be...

    From Todays announcement...

    "...Odin to issue 169,500,000 (post-consolidation) fully paid ordinary shares and  three tranches of 87,500,000 (post-consolidation) performance shares (which convert to the same number of fully paid ordinary shares, subject to satisfaction of applicable performance milestones within 5 years of the date of issue)... "

    " ....the associated prospectus fundraising (for a minimum of $4.0 million at an issue price of $0.10 per share) and the consolidation of capital (at a rate to be finalised)...."

    and the Consolidation rate does not matter ...see my prev post ... It a bit hard to get your head around I know.  But its fact now.


    The only variable you can control right now is your $ amount your willing to invest or divest before Trading Suspension occurs and deal is done.
    Last edited by Freehold: 18/03/16
 
watchlist Created with Sketch. Add ODN (ASX) to my watchlist

Currently unlisted public company.

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