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"Deal" or No Deal?, page-8

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usc75

7,026 Posts.

181

18/03/16

18:21

Post #: 17314607
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Originally posted by Freehold ↑

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.

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I don't "buy" your logic! ODN haven't mentioned a figure...nor can you calculate one based on data released.

What's the Dilution Crunch? 10:1...20:1...25:1....or????

Last edited by usc75: 18/03/16

ODN Price at posting: 1.7¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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