RED 4.82% 39.5¢ red 5 limited

don;t cry for me red

  1. 1,030 Posts.
    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 ? ;)
 
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40.5¢ 41.0¢ 39.0¢ $9.181M 23.04M

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No. Vol. Price($)
34 1243803 39.0¢
 

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Price($) Vol. No.
40.0¢ 139143 5
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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