Let's say some idiot invested around $750K from his super fund over the past 5 years in RED5
to acrue a sizable 400K shares averaging around $1.80 per share.
And now through RED5's benevolence they will let him buy another 150K @ 10c to avoid dilution
Total holding after taking up offer 550K
To avoid dilution a current holder with 400K of shares would need to purchase nearly 2 million shares
@ 10c to retain the same percentage of the company he once held.
If no shares are taken up this investment is now worth $40K
Think I'd vote NO
Whats another $40K down the tubes after this debacle ?
Wonder who really got screwed in this mess ? ;)
don;t cry for me red
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Last
38.3¢ |
Change
-0.013(3.16%) |
Mkt cap ! $2.584B | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.8¢ | 37.5¢ | $4.470M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 1587845 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 1066976 | 43 |
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| Last trade - 11.47am 26/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |