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 ? ;)
- Forums
- ASX - By Stock
- don;t cry for me red
Let's say some idiot invested around $750K from his super fund...
-
- There are more pages in this discussion • 59 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 RED (ASX) to my watchlist
(20min delay)
|
|||||
Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.516B |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 35.8¢ | $1.959M | 5.375M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 922492 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 717818 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
46 | 1139668 | 0.360 |
28 | 1053136 | 0.355 |
37 | 1521269 | 0.350 |
21 | 879160 | 0.345 |
11 | 1148375 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 280434 | 16 |
0.370 | 517558 | 19 |
0.375 | 364728 | 10 |
0.380 | 525519 | 13 |
0.385 | 429655 | 8 |
Last trade - 10.22am 27/06/2024 (20 minute delay) ? |
Featured News
RED (ASX) Chart |