Just a query guys , what impact will 2.9 billion shares being issued for purchase of Bandanna have on share price, considering current shares on issue stands at approx 177million . By my calculations at say 20c per share and market cap at any point in time being constant ,
say 20c x 175m shares , = $35 000 000 market cap .
Now add in 2.9 billion shares
$35 000 000 market cap divided by 3,075,000,000 , shares(after purchase) equals $0.011 per share. That is a massive dilution.
Am I missing something?
- Forums
- ASX - By Stock
- dilution of shares
EPE
enterprise energy limited
Just a query guys , what impact will 2.9 billion shares being...
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EPE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online